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2420 Tyler Avenue

Xufeng Cao Acquires Industrial Property In El Monte For $2.6M
SOLDIndustrial

Xufeng Cao Acquires Industrial Property In El Monte For $2.6M

2420 Tyler Avenue

$2,600,000

$305/SF

Building Size

8,500 SF

Asset Type

Industrial

Closing

Nov 30, 2023

AI

The industrial property located at 2420 Tyler Avenue in El Monte has been sold in a closed transaction. The property spans 8,500 square feet and was sold for a total price of $2,600,000. The price per square foot (PPSF) for this transaction amounts to $306.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Address: 2420 Tyler Avenue
  • Market: El Monte

The buyer for this transaction is Xufeng Cao, while the seller is Henry Vay. The deal was facilitated by Steve Chang from Chang Investment Group, who represented the buyer as the broker.

Players

Steve Chang

Chang Investment Group

Broker

$85.5M

vol

11 deals

Broker

El Monte 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93