Updated Mar 6, 2025
Jae Kim Of Coramdeo Estates Acquires Industrial Property From Wei Wang For $5.25M In El Monte
9640 Telstar Avenue
$5,250,000
$324/SF
Building Size
16,200 SF
Asset Type
Industrial
Closing
Feb 21, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 9640 Telstar Avenue, in the El Monte market. The transaction was completed for a price of $5,250,000, covering an area of 16,200 square feet, resulting in a price per square foot of $324.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,250,000
- Square Footage: 16,200
- Price Per Square Foot: $324
- Buyer: Jae Kim - Coramdeo Estates
- Seller: Wei Wang - Narida Investment
- Broker: Justin Chiang & Kevin Ching - Team SGV Industrial - Lee & Associates
This transaction featured Jae Kim representing Coramdeo Estates as the buyer, while Wei Wang represented Narida Investment as the seller. The brokerage team of Justin Chiang and Kevin Ching facilitated the agreement through their association with Lee & Associates, highlighting their role in the successful closure of the deal.
On the Map
$5,250,000
$324/SF
Industrial
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Players
El Monte 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93