Stos Partners Acquires Industrial Property In Long Beach For $8.4M
SOLD
$8,400,000
California
See Similar DealsIndustrial35,000 SF
Sold 01/28/2022
SOLD
Stos Partners Acquires Industrial Property In Long Beach For $8.4M
2301 Redondo Avenue, Signal Hill, California 90755, United States
See Similar DealsIndustrial35,000 SF
Sold 01/28/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$240
Total Square Footage:35,000 SF
Transaction Type:Sale
2301 Redondo Avenue in Long Beach, Los Angeles has been sold in an industrial property transaction. The property spans 35,000 square feet and was sold for a total of $8,400,000. The sale price translates to a price per square foot of $240.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,400,000
Stos Partners was the buyer in this transaction and was represented by Chris Smith from Newmark.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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