Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,075,000
$582/SF
Office
View full map
Players
Downey Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Phillip "Phil" Taggart to view all their deals.
Browse Downey office sales on Traded.
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