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Paras Properties LLC Acquires Property At 790 E Bonita Ave Pomona For $6.9M

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SOLD
$6,900,000

California

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Medical Office22,055 SF
Sold 01/13/2020
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SOLD

Paras Properties LLC Acquires Property At 790 E Bonita Ave Pomona For $6.9M

790 E Bonita Ave, Pomona, CA, 91767

See Similar Deals
Medical Office22,055 SF
Sold 01/13/2020
Contact now

Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$312
Total Square Footage:22,055 SF
Transaction Type:Sale

The medical office building located at 790 E Bonita Ave, Pomona, CA, is a two-story property constructed in 1988. It spans a total of 22,055 square feet and is fully leased by Chaparral Medical Group and Pacific Clinics. The transaction was completed for the price of $6,900,000. The property is situated on 2 acres in the Pomona market, and nearby are notable healthcare facilities, including Casa Colina Hospital and Pomona Valley Hospital Medical Center.

Summary of transaction details:

  • Property Type: Medical Office Building
  • Transaction Amount: $6,900,000.00
  • Address: 790 E Bonita Ave, Pomona, CA, 91767
  • Square Footage: 22,055
  • Seller's Representatives: Mark Shaffer (CBRE), Doug Mack (CBRE), Gary Stache (CBRE)
  • Buyer: Paras Properties LLC

The deal was overseen by a team from CBRE, which included Mark Shaffer, Anthony DeLorenzo, Gary Stache, and Doug Mack. This team has previously facilitated transactions in various real estate segments, including an industrial park sale in Oceanside, California, showcasing their extensive experience in the market.

Players

Doug Mack
20 deals$251.1M volume
BROKER

Gary Stache
CBRE
33 deals$481.9M volume
BROKER

Mark Shaffer
CBRE
40 deals$749.5M volume
BROKER

Details

SOLD
IMAGE: 790 E Bonita Ave, Pomona, CA, 91767 MARKET: Pomona SELLER'S REP: Mark Shaffer(CBRE), Doug Mack(CBRE), Gary Stache(CBRE) BUYER: Paras Properties LLC SELLER: PRICE: $6,900,000.00 SF: 22055

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$367,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24