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
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