Updated Dec 20, 2023
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
About this deal
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.
On the Map
$3,725,000
$456/SF
Office
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Players
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