Eric Truong Acquires Industrial Property In El Monte For $7.38M
SOLD
$7,380,000
California
See Similar DealsIndustrial28,835 SF
Sold 10/28/2022
SOLD
Eric Truong Acquires Industrial Property In El Monte For $7.38M
2836 Durfee Avenue
See Similar DealsIndustrial28,835 SF
Sold 10/28/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$255
Total Square Footage:28,835 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$393,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,219.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,984.97
Annual Debt Service$419,819.58
Is there something missing? Send suggestions