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8202 Florence Ave,Downey, CA

Adam Zenou Acquires Office Building In Downey, CA For $3.7M
SOLDOffice

Adam Zenou Acquires Office Building In Downey, CA For $3.7M

8202 Florence Ave,Downey, CA

$3,725,000

$456/SF

Building Size

8,156 SF

Asset Type

Office

Closing

Mar 1, 2022

AI

An office property located at 8202 Florence Ave in Downey, CA has been sold for $3,725,000. The property spans across 8,156 square feet, resulting in a price per square foot of $456. The sale took place on March 1, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,725,000

The buyer of the property is Adam Zenou, while the seller is Julie Trantham. The transaction was facilitated by brokers Phil Taggart, John Anthony, Chris Steck, and Chris Giordano 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

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93