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Oak Properties Sells Colton Office Building To Buyer's Rep Daum Commercial Real Estate Services For $6M

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SOLD
$6,000,000

California

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Office60,119 SF
Sold 11/10/2020
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Property Image
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 Deals
Office60,119 SF
Sold 11/10/2020
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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.

Players

Michael Nubel
1 deal$6M volume
BROKER

Details

SOLD
IMAGE: Michael Nubel DATE: 11/10/2020 ADDRESS: 930 Mount Vernon, 937 Via Lata MARKET: Colton ASSET TYPE: Office PRICE: $6,000,000 UNITS: 19 / PPU: $315,789 SF: 60,119 / PPSF: $100 SELLER: Oak Properties BROKER: Daum Commercial Real Estate Services - Michael Nubel

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Deal Type
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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