James Chung Acquires Industrial Property In Los Angeles For $3.2M
SOLD
$3,200,000
California
See Similar DealsIndustrial13,000 SF
Sold 02/25/2022
SOLD
James Chung Acquires Industrial Property In Los Angeles For $3.2M
2780 Gundry Avenue, Signal Hill, California 90755, United States
See Similar DealsIndustrial13,000 SF
Sold 02/25/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$246
Total Square Footage:13,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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