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8151 3rd Street

Earl C. Planett Trust & Lynda L. Todd Sell Office Building In Downey For $4.1M. Kidder Mathews Brokers Are Phillip Taggart, John Anthony, Christopher Giordano & Christopher Steck
SOLDOffice

Earl C. Planett Trust & Lynda L. Todd Sell Office Building In Downey For $4.1M. Kidder Mathews Brokers Are Phillip Taggart, John Anthony, Christopher Giordano & Christopher Steck

8151 3rd Street

$4,075,000

$582/SF

Building Size

7,000 SF

Asset Type

Office

Closing

Oct 11, 2023

AI

The office property located at 8151 3rd Street in Downey has been sold for a total price of $4,075,000. The property spans 7,000 square feet, resulting in a price per square foot of $582. The sale was facilitated by brokers Phillip Taggart, John Anthony, Christopher Giordano, and Christopher Steck from Kidder Mathews.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,075,000
  • Square Footage: 7,000
  • Price per Square Foot: $582
  • Address: 8151 3rd Street, Downey
  • Market: Downey
  • Seller: Earl C. Planett Trust & Lynda L. Todd
  • Brokers: Phillip Taggart, John Anthony, Christopher Giordano, Christopher Steck

The sale involved the Earl C. Planett Trust and Lynda L. Todd as the sellers. The brokers responsible for the transaction were Phillip Taggart, John Anthony, Christopher Giordano, and Christopher Steck from Kidder Mathews.

Players

John Anthony

Kidder Mathews

Broker

$91.8M

vol

14 deals

Broker

Downey 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

3.89%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93