Updated Dec 21, 2023
Industrial Property In Pasadena Sold For $8.7M By Kidder Matthews And Apex Properties
24-98 N San Gabriel Blvd, Pasadena, CA, USA
$8,700,000
$287/SF
Building Size
30,271 SF
Asset Type
Industrial
Closing
Jul 15, 2020
About this deal
AI
An industrial property in Pasadena has been sold for a total price of $8,700,000. Located at 24-98 N San Gabriel Blvd & 2730 E Walnut Street, the property spans a total of 30,271 square feet. The sale was completed on 16th July 2020 in the Pasadena market. The price per square foot for the property is $287.40.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,700,000
- Address: 24-98 N San Gabriel Blvd & 2730 E Walnut Street
- Market: Pasadena
- Square Footage: 30,271
- Price per Square Foot: $287.40
The deal was facilitated by brokers Janet Neman and Angelica Gotzev from Kidder Matthews, as well as Eric Mandell and Luc Hawkshaw from Apex Properties.
Players
Pasadena 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93