Citrus Valley Health Partners Acquires Property From Hollfelder Foundation For $7.4M In Covina
1041 W Badillo St, Covina, CA, 91722
$7,400,000
$186/SF
Building Size
39,624 SF
Asset Type
Office
Closing
Aug 1, 2017
AI
The office complex located at 1041 W Badillo St, Covina, CA 91722, was sold for $7,400,000.00. The asset encompasses a total square footage of 39,624, featuring six units with 20% of them currently leased. Cal Trans stands out as one of the primary tenants in the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,400,000.00
- Square Footage: 39,624
- Address: 1041 W Badillo St, Covina, CA 91722
- Market: Covina
- Buyer: Citrus Valley Health Partners
- Seller: Hollfelder Foundation
- Buyer's Representative: Chris Johnson (Avison Young), Christopher Larimore (Lee & Associates)
- Seller's Representative: CBRE
Lee & Associates played a significant role in this transaction, with Senior Associate Chris Johnson and founding principal Christopher Larimore representing the buyer, Citrus Valley Health Partners. The seller, Hollfelder Foundation, was represented by CBRE in the deal.
Players
Covina Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93