EastGroup Acquires Industrial Property In Rancho Cucamonga For $27.8M With Marshall A. Loeb Representing The Buyer
9449 E 8th St, Rancho Cucamonga, Ca 91730, Usa
$27,800,000
$17/SF
Building Size
1,615,550 SF
Asset Type
Industrial
Closing
Oct 14, 2020
AI
A 161,555 square foot industrial property located at 9449 E 8th Avenue in Rancho Cucamonga has been sold for $27,800,000. The property was purchased by EastGroup, with Marshall A. Loeb acting as their representative. The seller in this transaction was GenSun Casual Living.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,800,000
- Address: 9449 E 8th Avenue, Rancho Cucamonga
- Square Footage: 161,555
- Market: Rancho Cucamonga
The transaction was facilitated by brokers Mike Kendall, Gian Bruno, and Tony Phu.
Players
Rancho Cucamonga Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93