Chris Thompson Acquires Retail Property In Pomona For $8.2M
SOLD
$8,227,737
California
See Similar DealsRetail14,840 SF
Sold 04/22/2019
SOLD
Chris Thompson Acquires Retail Property In Pomona For $8.2M
1485 South Garey Avenue, Pomona, CA 91766, USA
See Similar DealsRetail14,840 SF
Sold 04/22/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$554
Total Square Footage:14,840 SF
Transaction Type:Sale
1485 S. Garey Ave in Pomona was recently sold in a retail transaction. The property spans 14,840 square feet and was transacted for a total price of $8,227,737. The sale price equates to a price per square foot of $554.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,227,737
- Market: Pomona
- Address: 1485 S. Garey Ave
The sale was facilitated by Chris Thompson, a Senior Partner at IREA, who represented all parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$438,812.64
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,231.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,003.67
Annual Debt Service$468,044.05
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