Hussein Chahine Acquires Office Property On 8301 Florence Ave In Downey, CA For $5.96M
8301 Florence Avenue
$5,965,000
$267/SF
Building Size
22,340 SF
Asset Type
Office
Closing
Oct 6, 2022
AI
The office property located at 8301 Florence Ave in Downey, CA has been sold for a total of $5,965,000. The property spans across 22,340 square feet, resulting in a price per square foot of $267.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,965,000
- Square Footage: 22,340
- Price per Square Foot: $267
- Address: 8301 Florence Ave, Downey, CA
- Market: Downey, CA
The buyer of the property is Hussein Chahine, while Soon Hwa Kim acted as the seller. The transaction was facilitated by the Anthony | Steck | Giordano Team from Kidder Mathews, represented by brokers Phil Taggart, John Anthony, Chris Steck, and Chris Giordano.
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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93