Updated Dec 4, 2024
BH Properties Acquires Office Property In Monterey Park For $15M
601 Potrero Grande Drive, Monterey Park, California 91755, United States
$15,000,000
Building Size
—
Asset Type
Office
Closing
May 17, 2022
About this deal
AI
Located at 601 Potrero Grande Drive in Monterey Park, this office property spans approximately 8.0 acres. The transaction, completed on 05/18/2022, involved a sale of the property.
Summary of transaction details:
- Property Type: Office
- Sale Price: $15,000,000
- Address: 601 Potrero Grande Drive, Monterey Park
- Market: Monterey Park
- Buyer: BH Properties - Andrew Van Tuyle
- Seller: Blue Shield
BH Properties, represented by Andrew Van Tuyle, acted as the buyer in this transaction, while Blue Shield served as the seller. The sale price for this office property was $15,000,000.
Players
Monterey Park Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93