Updated Sep 8, 2026
Signal Hill Business Center LLC Acquires Cherry Avenue Office Complex In Signal Hill For $12.03M
2501 Cherry Avenue & 2525 Cherry Avenue
$12,030,000
$108/SF
Building Size
110,759 SF
Asset Type
Office
Closing
Jul 22, 2026
About this deal
AI
The property involved in this transaction is an office complex located at 2501 & 2525 Cherry Avenue in Signal Hill, California. The asset encompasses 4.8 acres and has a total square footage of 110,759. The sale price of the property was $12,030,000, equating to approximately $109 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,030,000
- Address: 2501 & 2525 Cherry Avenue
- Market: Signal Hill, CA
- Square Footage: 110,759
- Price Per Square Foot: $109
- Buyer: Signal Hill Business Center LLC
- Seller: Garrett Lee - Jamison Properties
- Broker: Coleman Kistner - Lee & Associates
- Lender: East West Bank
This transaction involved Signal Hill Business Center LLC as the buyer and Garrett Lee from Jamison Properties as the seller. Coleman Kistner from Lee & Associates represented the seller in this deal. The financing for the acquisition was provided by East West Bank, and this sale occurred at a significant discount to the property's previously listed asking price for 2024.
Players
Hollywood 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93