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2780 Gundry Avenue, Signal ...

James Chung Acquires Industrial Property In Los Angeles For $3.2M
SOLDIndustrial

James Chung Acquires Industrial Property In Los Angeles For $3.2M

2780 Gundry Avenue, Signal Hill, California 90755, United States

$3,200,000

$246/SF

Building Size

13,000 SF

Asset Type

Industrial

Closing

Feb 24, 2022

AI

The industrial property located at 2780 Gundry Ave in Los Angeles has been sold for $3,200,000. The property spans 13,000 square feet with a price per square foot of $246. The transaction took place on February 25, 2022. Chris Comfort from Apex Properties represented the seller, Ronald Mandell, and James Chung was the buyer.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,200,000
  • Square Footage: 13,000
  • Price Per Square Foot: $246
  • Address: 2780 Gundry Ave, Los Angeles
  • Market: Los Angeles

Chris Comfort from Apex Properties played the role of the broker in this deal.

Players

Chris Comfort

Broker

$108.5M

vol

14 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93