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
Signal Hill Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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