Updated Dec 4, 2024
Dennis Kohan Acquires Industrial Property In Azusa From Andrew Mcquirk For $4M
717 North Coney Avenue
$4,000,000
$133/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Oct 7, 2024
About this deal
AI
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.
On the Map
$4,000,000
$133/SF
Industrial
View full map
Players
Azusa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Joseph Harmon to view all their deals.
Browse Azusa industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93