Stos Partners Acquires Industrial Property In Long Beach For $8.4M
2301 Redondo Avenue, Signal Hill, California 90755, United States
$8,400,000
$240/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Jan 27, 2022
AI
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.
Players
Signal Hill Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93