Eric Truong Acquires Industrial Property In El Monte For $7.38M
2836 Durfee Avenue
$7,380,000
$255/SF
Building Size
28,835 SF
Asset Type
Industrial
Closing
Oct 28, 2022
AI
The industrial property located at 2822 & 2836 Durfee Ave in El Monte, CA, was recently sold for a total price of $7,380,000. The property has a total square footage of 28,835, which amounts to a price per square foot of $256. The transaction took place on 10/28/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,380,000
- Address: 2822 & 2836 Durfee Ave, El Monte, CA
- Square Footage: 28,835
- Price per Square Foot: $256
The buyer of the property was Eric Truong, while Ken Chen acted as the seller. Tony Naples from Lee and Associates represented Eric Truong as the buyer's representative, and James Vu & Ben Spinner from Vestian Group Inc represented Ken Chen as the seller's representatives.
Players
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
2.15%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93