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Covina, California, United ...

Dunleer Acquires Industrial Property In Covina For $5.4M
SOLDIndustrial

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

BJ Turner

Dunleer

Buyer

$57.7M

vol

7 deals

Buyer

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