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2000 Gold Limited Partnership Sells Office And Industrial Assets In Monterey Park And City Of Industry For $37.1M With Ryan Campbell & Tony Naples

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SOLD
$37,070,000

California

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Office447,462 SF
Sold 01/31/2024
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Property Image
SOLD

2000 Gold Limited Partnership Sells Office And Industrial Assets In Monterey Park And City Of Industry For $37.1M With Ryan Campbell & Tony Naples

2525 Corporate Place, 2630 Corporate Place & 901 Stimson Avenue

See Similar Deals
Office447,462 SF
Sold 01/31/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$82
Total Square Footage:447,462 SF
Transaction Type:Sale

The property involved in the transaction is located at 2525 Corporate Place, 2630 Corporate Place, and 901 Stimson Avenue in Monterey Park and City of Industry. It consists of office and industrial spaces with a total square footage of 149,154. The sale price for this property was $37,070,000, resulting in a price per square foot of $249.

Summary of transaction details:

  • Property Type: Office & Industrial
  • Transaction Amount: $37,070,000
  • Address: 2525 Corporate Place, 2630 Corporate Place & 901 Stimson Avenue
  • Market: Monterey Park & City of Industry
  • Square Footage: 149,154
  • Price Per Square Foot: $249

Ryan Campbell, SIOR of NAI Capital, and Tony Naples of Lee & Associates represented the seller, 2000 Gold Limited Partnership, in this $37,070,000 1031 Exchange investment sale. They successfully completed transactions totaling 149,154 square feet, effectively meeting the investment goals of their client. The deal faced challenges, but Campbell and Naples navigated through them to ensure a successful transaction.

Players

Tony Naples
11 deals$183.2M volume
BROKER

Ryan Campbell
NAI Global
6 deals$102.2M volume(323) 377-6534
BROKER

Details

SOLD
IMAGE: Ryan Campbell & Tony Naples DATE: 01/31/2024 ADDRESS: 2525 Corporate Place, 2630 Corporate Place & 901 Stimson Avenue MARKET: Monterey Park & City of Industry ASSET TYPE: Office & Industrial SELLER: 2000 Gold Limited Partnership BROKERS: Ryan Campbell - NAI Capital (@NAICapital); Tony Naples- Lee & Associates (@LeeAssociatesRE) SALE PRICE: $37,070,000 SF: 149,154 ~ PPSF: $249 NOTE: Ryan Campbell, SIOR of NAI Capital, and Tony Naples of Lee & Associates facilitated a $37,070,000 1031 Exchange investment sale in California's San Gabriel Valley. Representing seller 2000 Gold Limited Partnership, they navigated challenges to complete transactions totaling 149,154 square feet, meeting the client's investment goals.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,977,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,701.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,730.71
Annual Debt Service$2,108,768.55