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

Property Image
SOLD
$5,760,000

California

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Industrial22,382 SF
Sold 07/08/2024
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Property Image
SOLD

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

7602 Talbert Avenue

See Similar Deals
Industrial22,382 SF
Sold 07/08/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$257
Total Square Footage:22,382 SF
Transaction Type:Sale

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
Alexander Harrold
9 deals$93.7M volume
BROKER

Details

SOLD
IMAGE: 07/08/2024 ADDRESS: 7602 Talbert Avenue MARKET: Huntington Beach ASSET TYPE: Industrial BUYER: BJ Turner - Dunleer BROKER: Alexander Harrold - Matthews Real Estate Investment Services SALE PRICE: $5,760,000 UNITS: 24 ~ PPU: $240,000 SF: 22,382 ~ PPSF: $257 NOTE: Dunleer purchased a 24-unit, 22,382-square-foot industrial business park at 7602 Talbert Ave. in Huntington Beach for $5.76 million. Alexander Harrold of Matthews Real Estate Investment Services represented both Dunleer and the local private seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$307,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,464.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,305.34
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