Oak Properties Sells Colton Office Building To Buyer's Rep Daum Commercial Real Estate Services For $6M
SOLD
$6,000,000
California
See Similar DealsOffice60,119 SF
Sold 11/10/2020
SOLD
Oak Properties Sells Colton Office Building To Buyer's Rep Daum Commercial Real Estate Services For $6M
Mount Vernon Drive, Los Angeles, CA
See Similar DealsOffice60,119 SF
Sold 11/10/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$99
Total Square Footage:60,119 SF
Transaction Type:Sale
In a recent closed transaction in Colton, an office property located at 930 Mount Vernon and 937 Via Lata was sold for a price of $6,000,000. This property, consisting of 19 units, offers a spacious total area of 60,119 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $6,000,000
- Address: 930 Mount Vernon, 937 Via Lata
- Market: Colton
- Units: 19
- Price Per Unit: $315,789
- Square Footage: 60,119
- Price Per Square Foot: $100
The seller of this property was Oak Properties. Representing the deal was Daum Commercial Real Estate Services, with Michael Nubel as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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