Klingbeil Capital Management Acquires Property In Chino For $30.5 Million With Seller's Reps Jeff Rowerdink And Joe Leonardo
11475 Central Ave, Chino, CA, 91710
$30,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 11475 Central Ave, Chino, CA, 91710, within the Chino market. The transaction was finalized for a price of $30,500,000.00, with a total square footage of 0.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $30,500,000.00
- Seller's Representative: Jeff Rowerdink, Joe Leonardo - Joseph C. Leonardo & Co
- Buyer: Klingbeil Capital Management
The deal involved key representatives, specifically Jeff Rowerdink and Joe Leonardo from Joseph C. Leonardo & Co, representing the seller. Klingbeil Capital Management was the buyer in this transaction.
Players
Chino MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93