Updated Dec 19, 2024
Cougar Paper Corp Acquires Industrial Property From Giroux Glass In San Bernardino For $8.96M
1795 Riverview Drive
$8,961,850
$230/SF
Building Size
38,965 SF
Asset Type
Industrial
Closing
Nov 19, 2024
About this deal
AI
The transaction involves an industrial property located at 1795 Riverview Drive in San Bernardino, which has a total square footage of 38,965. The sale price for this asset was $8,961,850, resulting in a price per square foot of $229.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,961,850
- Buyer: Cougar Paper Corp
- Seller: Giroux Glass
- Brokers: Steffan Morris & Bobby Martinez - Lee & Associates
Key individuals involved in the transaction include Steffan Morris and Bobby Martinez, who represented the buyer, Cougar Paper Corp, as brokers from Lee & Associates. The expertise of these brokers contributed to the successful closure of the deal.
Players
San Bernardino 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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93