Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,600,000
$305/SF
Industrial
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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