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9568 Richmond Pl, Rancho Cu...

CBRE Brokers Jason Chao & Charlie Noebel Represent Seller Chu Kun Lan In $7.58M Rancho Cucamonga Industrial Sale
SOLDIndustrial

CBRE Brokers Jason Chao & Charlie Noebel Represent Seller Chu Kun Lan In $7.58M Rancho Cucamonga Industrial Sale

9568 Richmond Pl, Rancho Cucamonga, CA 91730, USA

$7,580,000

$176/SF

Building Size

42,978 SF

Asset Type

Industrial

Closing

Jun 1, 2020

AI

The industrial property located at 9568 Richmond Pl. in Rancho Cucamonga has been sold for $7,580,000. This property spans 43,000 square feet, resulting in a price per square foot of $176.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $7,580,000
  • Square Footage: 43,000
  • Price per Square Foot: $176
  • Address: 9568 Richmond Pl.
  • Market: Rancho Cucamonga

The seller of this industrial property was Chu Kun Lan. The brokers involved in the transaction were Jason Chao and Charlie Noebel, who represented the seller as part of CBRE.

Players

Jason Chao

CBRE

Broker

$111.3M

vol

5 deals

Broker
Business Finance Capital
Business Finance CapitalLender

Rancho Cucamonga Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93