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Saeed Kohanoff & Associates Sell Industrial Property In Monterey For $3.95M

Property Image
SOLD
$3,950,000
Justin Kohanoff
Chandler J Kelley

California

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Industrial13,700 SF
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Property Image
SOLD

Saeed Kohanoff & Associates Sell Industrial Property In Monterey For $3.95M

899 Hawthorne Street

See Similar Deals
Industrial13,700 SF
Sold
Justin Kohanoff
Chandler J Kelley
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$288
Total Square Footage:13700 SF
Transaction Type:Sale

Located at 899 Hawthorne St., this industrial property in Monterey was recently sold in a closed transaction. The property spans 1,345 square feet and sits on a lot measuring 13,700 square feet. The sale took place on March 26, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,950,000
  • Address: 899 Hawthorne St.
  • Market: Monterey

In this transaction, Saeed Kohanoff & Associates acted as the seller. The buyer was represented by Chandler Kelley, and the seller's representative was @JustinKohanoff.

Players

Chandler J Kelley
Retail Link Associates
Chandler J Kelley
11 deals$46M volume
BROKER
Justin Kohanoff
Justin Kohanoff
12 deals$107.5M volume
BROKER

Details

SOLD
IMAGE: Chandler Kelley & Justin Kohanoff DATE: 03/26/2021 ADDRESS: 899 Hawthorne St. MARKET: Monterey ASSET TYPE: Industrial SELLER: Saeed Kohanoff & Associates BUYER’S REP: Chandler Kelley SELLER’S REP: @JustinKohanoff ASKING PRICE: $4,000,000 SALE PRICE: $3,950,000 BUILDING SF: 1,345 LOT SF: 13,700

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

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18