Updated Dec 19, 2023
Grady Seldin's PSRS Arranges $6.9M Cash-Out Non-Recourse Loan For Office Property In Downey, CA
8141 2nd St, Downey, California 90241, United States
$6,900,000
$105/SF
Building Size
65,481 SF
Asset Type
Office
Closing
Oct 30, 2022
About this deal
AI
The property involved in this closed transaction is an office located at 8141 E 2nd St in Downey, CA. The office has a total square footage of 65,481 SF. The transaction took place on 10/31/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,900,000
- Market: Downey, CA
The loan for this transaction was facilitated by Grady Seldin from PSRS brokerage. The loan amount was $6,900,000 and it was a fixed-rate, cash-out, non-recourse loan with a 10-year term and a 30-year amortization.
Players
Downey Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93