Updated Sep 9, 2024
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
About this deal
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.
On the Map
$5,500,000
$171/SF
Industrial
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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