Niko Arzandosa Acquires Industrial Property In El Monte From Karl B. Manthuel For $3.99M
California
See Similar DealsNiko Arzandosa Acquires Industrial Property In El Monte From Karl B. Manthuel For $3.99M
3015 Durfee Avenue
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3015 Durfee Avenue is a mixed-use industrial property located in El Monte, California. The asset encompasses a total area of 10,676 square feet and has successfully been sold for $3,990,000, reflecting a price per square foot of $373.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $3,990,000
- Address: 3015 Durfee Avenue
- Market: El Monte
- Square Footage: 10,676
- Price per Square Foot: $373
- Buyer: Niko Arzandosa
- Seller: Karl B. Manthuel
- Broker Representatives: Daniel Hirth & Alex Reyhan - The Hirth Group
- Capitalization Rate: 5.78%
- Lease Type: Fully NNN leases
- Due Diligence Period: 30 days
- Close Period: 45 days
Daniel Hirth and Alex Reyhan of The Hirth Group facilitated the transaction by representing both the buyer and seller. Their expertise allowed for a record-setting sale, demonstrating their proficiency in sourcing and negotiating commercial transactions. The team managed an accelerated escrow process, including securing financing for the buyer, ensuring a seamless experience for all parties involved.
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