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1209 Gaviota Avenue

Brianna Harvey Acquires Industrial Asset At 1209 Gaviota Avenue Long Beach For $2.65M
SOLDIndustrial

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:

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

Michael Arnold

AHG

Broker

$23.5M

vol

8 deals

Broker

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