Updated Oct 29, 2024
Retirement Housing Fund Acquires Industrial Property In Baldwin Park For $1.1M
14519 Central Avenue, Baldwin Park, CA, USA
$1,100,000
$55/SF
Building Size
19,758 SF
Asset Type
Industrial
Closing
Dec 28, 2020
About this deal
AI
The industrial property located at 14519 Central Avenue in Baldwin Park was recently sold on December 29, 2020. The property spans 19,758 square feet and was sold for a total of $1,100,000, resulting in a price per square foot of $55. The transaction involved the Retirement Housing Fund as the buyer and Francisco Escobar as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,100,000
- Address: 14519 Central Avenue, Baldwin Park
- Market: Baldwin Park
- Buyer: Retirement Housing Fund
- Seller: Francisco Escobar
- Brokers: Elizabeth Clark - AGENCY (@ElizabethClark_CRE) and Jay Martinez - AGENCY (@JayMartinezHudson)
- Square Feet: 19,758
- Price per Square Foot: $55
Elizabeth Clark from AGENCY and Jay Martinez from AGENCY were the brokers involved in the deal, representing the buyer and the seller, respectively.
Players
Baldwin Park 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93