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723 California Highway 66

Srinivash Yalamanchili Acquires Glendora Industrial Property For $3.2M
SOLDIndustrial

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:

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

Darin Spillman

Kidder Mathews

Broker

$55.2M

vol

15 deals

Broker
Srinivas Yalamanchili

Srinivas Yalamanchili

Positive Investments

Buyer

$98.2M

vol

12 deals

Buyer

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