Andrew Khun Acquires Industrial Property In City Of Industry For $6.45M
1350 Bixby Dr City of Industry, CA 91745, USA
$6,450,000
$370/SF
Building Size
17,400 SF
Asset Type
Industrial
Closing
Apr 19, 2023
AI
The industrial property located at 1350 Bixby Drive in City of Industry has been sold in a transaction. The property spans an area of 17,400 square feet with a price per square foot of $371. The property was initially listed for sale at an asking price of $6,600,000, and it was sold for $6,450,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,450,000
- Square Footage: 17,400
- Price per Square Foot: $371
- Address: 1350 Bixby Drive
- Market: City of Industry
The buyer in this transaction is Andrew Khun, while the seller is Ian Ho. The deal was facilitated by Kevin Ching and Justin Chiang from Lee & Associates, serving as the brokers representing both the buyer and the seller.
Players
Los Angeles 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93