Cody Laswell Purchases Industrial Property At 210 Adams Avenue From Willy Bray For $2.2M
SOLD
$2,200,000
California
See Similar DealsIndustrial6,000 SF
Sold 09/20/2024
SOLD
Cody Laswell Purchases Industrial Property At 210 Adams Avenue From Willy Bray For $2.2M
210 East Adams Avenue
See Similar DealsIndustrial6,000 SF
Sold 09/20/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$366
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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