CBRE Brokers Jason Chao & Charlie Noebel Represent Seller Chu Kun Lan In $7.58M Rancho Cucamonga Industrial Sale
SOLD
$7,580,000
California
See Similar DealsIndustrial42,978 SF
Sold 06/02/2020
SOLD
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
See Similar DealsIndustrial42,978 SF
Sold 06/02/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$176
Total Square Footage:42,978 SF
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$404,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,930.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,933.07
Annual Debt Service$431,196.81
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