Updated Dec 21, 2023
Chris Thompson Acquires Retail Property In Pomona For $8.2M
1485 South Garey Avenue, Pomona, CA 91766, USA
$8,227,737
$554/SF
Building Size
14,840 SF
Asset Type
Retail
Closing
Apr 21, 2019
About this deal
AI
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.
The retail sale at 1485 South Garey Avenue, Pomona, CA 91766, USA in Pomona, California sold for $8.2M in 2019. The building is 14,840 square feet, implying about 554 per square foot on the published price. Named participants on the 1485 South Garey Avenue, Pomona, CA 91766, USA sale are Chris Thompson. This page is the Pomona, California file for the 1485 South Garey Avenue, Pomona, CA 91766, USA retail sold: pricing, party profiles, and other closed retail comps from the same Pomona sit in the Market section below. Filter that Pomona retail set by closing date to see what else sold near 1485 South Garey Avenue, Pomona, CA 91766, USA around 2019. Published consideration for 1485 South Garey Avenue, Pomona, CA 91766, USA is $8.2M, dated 2019. Cite this Chris Thompson Acquires Retail Property In Pomona For $8.2M sale when underwriting similar retail product around Pomona, California.
Players
Pomona Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Chris Thompson to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93