Updated Oct 29, 2024
Food Bank Of Southern California Acquires Industrial Property In Long Beach From Carl Taylor For $8.7M
5580 Cherry Ave Long Beach, CA 90805, USA
$8,700,000
$334/SF
Building Size
26,000 SF
Asset Type
Industrial
Closing
Apr 19, 2023
About this deal
AI
The industrial property located at 5580 Cherry Ave in Long Beach has been sold in a transaction. The property spans a total area of 26,000 square feet and was listed with an asking price of $8,700,000. The Food Bank Of Southern California purchased the property from Carl Taylor for the same sale price.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,700,000
- Square Footage: 26,000
- Price per Square Foot: $335
- Market: Long Beach
Richard Spurling from Keller Williams represented the buyer, The Food Bank Of Southern California, in this deal.
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Keller Williams Realty to view all their deals.
Browse Los Angeles industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93