Updated Dec 18, 2023
Brandon Michaels & Steven Schechter's Covina Office Property Sold For $3.85M
1055 Park View Dr, Covina, CA, USA
$3,850,000
$238/SF
Building Size
16,143 SF
Asset Type
Office
Closing
Dec 11, 2019
About this deal
AI
Located at 1055 Park View Dr in Covina, this office property was recently sold on December 12, 2019. The transaction was facilitated by brokers Brandon Michaels and Steven Schechter from the Brandon Michaels Group. The property spans 16,143 square feet and was sold for a total price of $3,850,000, resulting in a price per square foot of $238.49.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,850,000
- Address: 1055 Park View Dr
- Market: Covina
- Brokers: Brandon Michaels, Steven Schechter
This successful transaction showcases the expertise and professionalism of Brandon Michaels and Steven Schechter from the Brandon Michaels Group. Through their efforts, the property at 1055 Park View Dr was sold at a lucrative price, demonstrating their prowess in the real estate market.
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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93