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8155 Byron Rd, Whittier, CA...

Private Investor Acquires Whittier Property For $5.5 Million With Seller's Reps Christopher And David Maling
SOLDIndustrial

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

David Maling

Avison Young

Broker

$98.6M

vol

12 deals

Broker

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