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Harbor Group International Acquires Multifamily Property In Pomona For $46.75M

Property Image
SOLD
$46,750,000

California

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MultiFamily742 SF
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Property Image
SOLD

Harbor Group International Acquires Multifamily Property In Pomona For $46.75M

2261 Valley Boulevard, Pomona, CA, USA

See Similar Deals
MultiFamily742 SF
Sold 06/24/2021
Contact now

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.

Players

BROKERAGE

20 deals$5.3B volume
BUYER

Details

SOLD
IMAGE: Jordan Slone DATE: 06/24/2021 ADDRESS: 2261 Valley Boulevard MARKET: Pomona ASSET TYPE: Multifamily BUYER: Harbor Group International - Jordan Slone SELLER: Positive Investments Inc. SALE PRICE: $46,750,000 UNITS: 220 ~ PPU: $212,500

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Deal Type
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