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
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.
Players
Pomona Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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