Updated Jul 17, 2025
Sun Hing Foods Acquires Industrial Development Site In City Of Industry For $20.5M
1740 Chestnut Street, City of Industry, CA, USA
$20,500,000
$87/SF
Building Size
235,224 SF
Asset Type
Development Site
Closing
May 21, 2018
About this deal
AI
An industrial development site located at 1740 Chestnut St. in Los Angeles has been sold for $20,500,000. The property spans 235,224 square feet and is situated in the City of Industry market. The sale was completed on May 22, 2018. The buyer, Sun Hing Foods, acquired the site from the seller, Prudential Financial’s asset management arm PGIM, represented by Eric Adler.
Summary of transaction details:
- Property Type: Industrial Development Site
- Transaction Amount: $20,500,000
- Address: 1740 Chestnut St., Los Angeles
- Market: City of Industry
- Size: 235,224 square feet
In a previous transaction in the same market, the Charles Dunn Company sold a 300,000-square-foot complex to Morgan Stanley Private Wealth Management for $51 million in February.
Players
El Monte Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93