Srinivash Yalamanchili Acquires Glendora Industrial Property For $3.2M
723 California Highway 66
$3,200,000
$603/SF
Building Size
5,303 SF
Asset Type
Industrial
Closing
Jul 22, 2022
AI
Located at 723 E. Rte 66 in Glendora, this industrial property has been sold. The transaction took place on July 22, 2022, with a sale price of $3,200,000. The property spans 5,303 square feet, resulting in a price per square foot of $603.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Address: 723 E. Rte 66, Glendora
- Market: Glendora
The buyer, Srinivash Yalamanchili, acquired the property from the seller, Allison Allyn. The transaction was facilitated by the following brokers:
- Darin Spillman - Kidder Mathews
- Joseph Harmon - Daum Commercial
- Charles Johnson - Daum Commercial
These brokers played a crucial role in the deal, representing their respective clients throughout the transaction. Their expertise and negotiation skills contributed to the successful completion of the sale.
Players
Williams City Limits Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93