Cody Laswell Purchases Industrial Property At 210 Adams Avenue From Willy Bray For $2.2M
210 East Adams Avenue
$2,200,000
$366/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
Sep 20, 2024
AI
The property asset involved in the transaction is an industrial space located at 210 Adams Avenue, Huntington Beach. The sale price was $2,200,000, with a total square footage of 6,000, equating to a price per square foot of $366.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 210 Adams Avenue
- Market: Huntington Beach
- Square Footage: 6,000
- Price per Square Foot: $366
- Buyer: Cody Laswell
- Seller: Willy Bray
- Brokers: Ryan Sharpe & Rod Roberts - Kidder Mathews
The deal was facilitated by brokers Ryan Sharpe and Rod Roberts, both representing the transaction through Kidder Mathews, ensuring a smooth negotiation and closing process for both the buyer and seller.
Players
Huntington 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93