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2200 S Fremont Ave Alhambra...

Stephanie Carpentier Acquires Office Building In Alhambra For $2.6M
SOLDOffice

Stephanie Carpentier Acquires Office Building In Alhambra For $2.6M

2200 S Fremont Ave Alhambra, CA 91803, USA

$2,600,000

$507/SF

Building Size

5,127 SF

Asset Type

Office

Closing

May 31, 2023

AI

The property involved in this closed transaction is an office located at 2200 Fremont Avenue in Alhambra. The property spans 5,127 square feet and was sold for $2,600,000, resulting in a price per square foot of $507.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,600,000
  • Address: 2200 Fremont Avenue, Alhambra
  • Market: Alhambra
  • Buyer: Stephanie Carpentier
  • Seller: John Lo
  • Brokers: Blas Fernandez & Brian Vu - Blas Property Group

Stephanie Carpentier is the buyer in this transaction, while John Lo is the seller. The deal was facilitated by brokers Blas Fernandez and Brian Vu from the Blas Property Group.

Players

Blas Fernandez

IKON Properties

Broker

$93.8M

vol

34 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93