Raymond Shen Sells Industrial Property In Los Angeles For $4.4M With Brokers Eric Mandell, Luc Hawkshaw, And Jeffrey Ahn - Ally Commercial Real Estate
SOLD
California
See Similar DealsIndustrial23,320 SF
Sold 01/24/2022
SOLD
Raymond Shen Sells Industrial Property In Los Angeles For $4.4M With Brokers Eric Mandell, Luc Hawkshaw, And Jeffrey Ahn - Ally Commercial Real Estate
2746 Durfee Avenue, El Monte, California 91732, United States
See Similar DealsIndustrial23,320 SF
Sold 01/24/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:23,320 SF
Transaction Type:Sale
The industrial property located at 2746 Durfee Ave. in Los Angeles has been sold. The transaction took place on January 7, 2022. The property was sold by Raymond Shen.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Address: 2746 Durfee Ave.
- Market: Los Angeles
Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn from Ally Commercial Real Estate represented the sellers in the deal. Ally Commercial Real Estate can be contacted for any real estate needs at (424) 317-0312.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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