Dunleer Acquires Industrial Property In Covina For $5.4M
Covina, California, United States
$5,400,000
$168/SF
Building Size
32,000 SF
Asset Type
Industrial
Closing
May 15, 2022
AI
A 1.5 acre industrial property located in Covina has been sold for a total price of $5,400,000. The property, which spans 32,000 square feet, was purchased by Dunleer through their representative BJ Turner.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,400,000
- Market: Covina
- Acres: 1.5
- Buyer: Dunleer - BJ Turner
The industrial property, located in Covina, was purchased by Dunleer through their representative BJ Turner. The property spans 32,000 square feet and was sold for a price of $5,400,000. This transaction highlights the involvement of both the buyer, Dunleer, and their representative, BJ Turner, in the purchase of the industrial property in Covina.
Players
Covina 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93