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7602 Talbert Avenue

BJ Turner Of Dunleer Purchases 7602 Talbert Avenue Industrial Business Park For $5.76M
SOLDIndustrial

BJ Turner Of Dunleer Purchases 7602 Talbert Avenue Industrial Business Park For $5.76M

7602 Talbert Avenue

$5,760,000

$257/SF

Building Size

22,382 SF

Asset Type

Industrial

Closing

Jul 8, 2024

AI

A 24-unit, 22,382-square-foot industrial business park located at 7602 Talbert Avenue in Huntington Beach was sold for $5.76 million. The buyer, BJ Turner of Dunleer, acquired the property at a price of $240,000 per unit with a price per square foot of $257.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,760,000
  • Address: 7602 Talbert Avenue
  • Market: Huntington Beach
  • Units: 24
  • Price Per Unit: $240,000
  • Square Footage: 22,382
  • Price Per Square Foot: $257
  • Buyer: BJ Turner - Dunleer
  • Seller: Local private seller

Alexander Harrold of Matthews Real Estate Investment Services played a pivotal role in this transaction, representing both the buyer, Dunleer, and the local private seller in the acquisition of the industrial business park at 7602 Talbert Avenue in Huntington Beach.

Players

Alexander Harrold

Matthews

Broker

$93.7M

vol

9 deals

Broker

Huntington Beach 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

2.75%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93