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899 Hawthorne St, Monterey,...

Saeed Kohanoff Sells Industrial Property On Hawthorne St In Monterey For $4.15M
SOLDIndustrial

Saeed Kohanoff Sells Industrial Property On Hawthorne St In Monterey For $4.15M

899 Hawthorne St, Monterey, CA 93940, USA

$4,150,000

$317/SF

Building Size

13,068 SF

Asset Type

Industrial

Closing

Aug 13, 2020

AI

An industrial property located at 899 Hawthorne St in Monterey has been sold for a price of $4,150,000. The property spans over an area of 13,068 square feet, resulting in a price per square foot of $317.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $4,150,000
  • Address: 899 Hawthorne St, Monterey
  • Market: Monterey

The seller of this industrial property was Saeed Kohanoff. The transaction was handled by brokers Justin Kohanoff and Chandler J. Kelley.

Players

Chandler J Kelley

Retail Link Associates

Broker

$46M

vol

11 deals

Broker

Monterey 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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93