Stephanie Carpentier Acquires Office Building In Alhambra For $2.6M
SOLD
California
See Similar DealsOffice5,127 SF
Sold 05/31/2023
SOLD
Stephanie Carpentier Acquires Office Building In Alhambra For $2.6M
2200 S Fremont Ave Alhambra, CA 91803, USA
See Similar DealsOffice5,127 SF
Sold 05/31/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$507
Total Square Footage:5,127 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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