Harbor Group International Acquires Multifamily Property In Pomona For $46.75M
SOLD
$46,750,000
California
See Similar DealsMultiFamily742 SF
Sold 06/24/2021
SOLD
Harbor Group International Acquires Multifamily Property In Pomona For $46.75M
2261 Valley Boulevard, Pomona, CA, USA
See Similar DealsMultiFamily742 SF
Sold 06/24/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$63,005
Total Square Footage:742 SF
Transaction Type:Sale
A multifamily property located at 2261 Valley Boulevard in Pomona has been sold for a price of $46,750,000. The property consists of 220 units and was sold at a price per unit of $212,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,750,000
- Address: 2261 Valley Boulevard
- Market: Pomona
The buyer of this property is Harbor Group International, represented by Jordan Slone. The seller is Positive Investments Inc.
Note: No additional information is available regarding this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$166,092.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$221,618.85
Annual Debt Service$2,659,426.21
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