Updated Sep 5, 2024
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
About this deal
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