Oak Properties Sells Colton Office Building To Buyer's Rep Daum Commercial Real Estate Services For $6M
Mount Vernon Drive, Los Angeles, CA
$6,000,000
$99/SF
Building Size
60,119 SF
Asset Type
Office
Closing
Nov 9, 2020
AI
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.
View Park 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93