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
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