Updated Dec 6, 2024
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
About this deal
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.
The industrial sale at 2301 Redondo Avenue, Signal Hill, California 90755, United States in Signal Hill, California sold for $8.4M in 2022. The building is 35,000 square feet, implying about 240 per square foot on the published price. Chris Smith, Colliers, Newmark, Stos Partners appear on the sale alongside Colliers, Newmark, Stos Partners. This page is the Signal Hill, California file for the 2301 Redondo Avenue, Signal Hill, California 90755, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Signal Hill sit in the Market section below. Filter that Signal Hill industrial set by closing date to see what else sold near 2301 Redondo Avenue, Signal Hill, California 90755, United States around 2022. Published consideration for 2301 Redondo Avenue, Signal Hill, California 90755, United States is $8.4M, dated 2022. Cite this Stos Partners Acquires Industrial Property In Long Beach For $8.4M sale when underwriting similar industrial product around Signal Hill, California.
On the Map
$8,400,000
$240/SF
Industrial
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Players
Signal Hill 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93