Brianna Harvey Acquires Industrial Asset At 1209 Gaviota Avenue Long Beach For $2.65M
1209 Gaviota Avenue
$2,650,000
$265/SF
Building Size
9,988 SF
Asset Type
Industrial
Closing
Feb 6, 2025
AI
The property involved in this transaction is located at 1209 Gaviota Avenue in Long Beach. It is categorized as an industrial asset and encompasses a total area of 9,988 square feet. The sale price for the property was $2,650,000, which equates to a price per square foot of $265.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,650,000
- Sale Date: 02/06/2025
- Buyer: Brianna Harvey
- Seller: Daraphanh Huot
- Buyer's Representative: Michael Arnold - NAI Global
- Seller's Representatives: Noel Aguirre & Sean Lieppman - Lee & Associates
Michael Arnold, representing Brianna Harvey, was involved in facilitating the purchase, while Noel Aguirre and Sean Lieppman represented the seller, Daraphanh Huot, in this transaction. The cooperation among the representatives was essential for concluding this deal in the industrial market of Long Beach.
Players
Long Beach 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93