Dennis Kohan Acquires Industrial Property In Azusa From Andrew Mcquirk For $4M
SOLD
$4,000,000
California
See Similar DealsIndustrial30,000 SF
Sold 10/07/2024
SOLD
Dennis Kohan Acquires Industrial Property In Azusa From Andrew Mcquirk For $4M
717 North Coney Avenue
See Similar DealsIndustrial30,000 SF
Sold 10/07/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:30,000 SF
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 717 North Coney Avenue in Azusa. The transaction was completed for a sale price of $4,000,000 and encompasses a total square footage of 30,000, which results in a price per square foot of $133.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 717 North Coney Avenue
- Market: Azusa
- Square Footage: 30,000
- Price per Square Foot: $133
- Buyer: Dennis Kohan
- Seller: Andrew Mcquirk - Mcguirk Properties Inc.
- Brokers: Sean Homsy & Joseph Harmon - Daum Commercial Real Estate Services
This transaction involved Dennis Kohan as the buyer and Andrew Mcquirk representing Mcguirk Properties Inc. as the seller. The brokerage team for this deal was composed of Sean Homsy and Joseph Harmon, working under Daum Commercial Real Estate Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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