Klingbeil Capital Management Acquires Property In Chino For $30.5 Million With Seller's Reps Jeff Rowerdink And Joe Leonardo
SOLD
California
See Similar DealsMultiFamily
SOLD
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
See Similar DealsMultiFamily
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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