Private Investor Acquires Whittier Property For $5.5 Million With Seller's Reps Christopher And David Maling
8155 Byron Rd, Whittier, CA, 90606
$5,500,000
$171/SF
Building Size
32,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
An industrial building has been sold for $5,500,000 at 8155 Byron Rd, Whittier, CA, 90606. This 32,000-square-foot property, built in 1974, sits on 1.5 acres and features 3,000 square feet of office space, 16 parking spaces, two roll-up doors, and clear heights ranging from 20 feet to 22 feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000.00
- Address: 8155 Byron Rd, Whittier, CA, 90606
- Market: Whittier
- Seller: Unknown
- Buyer: Private Investor
- Seller's Representatives: Christopher Maling - Avison Young, David Maling - Avison Young
- Buyer's Representatives: Lee & Associates
The seller was a company that previously manufactured racking systems for the grocery industry and vacated the property before escrow. The buyer intends to utilize the building for their business operations.
Players
Whittier 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93