Updated Dec 21, 2023
Coldwell Banker Commercial George Realty Enables $8.5M Sale Of Monterey Park School
507 North Chandler Avenue, Monterey Park, California 91754, United States
$8,500,000
$1,180/SF
Building Size
7,200 SF
Asset Type
Other
Closing
Oct 23, 2022
About this deal
AI
The School located at 507 N. Chandler Avenue in Monterey Park, CA has been sold in a recent transaction. The property spans across 1.3 acres and boasts a total square footage of 7,200. The sale took place on October 24, 2022, with a sale price of $8,500,000. The price per square foot for this transaction was $1,181.
Summary of transaction details
- Property Type: School
- Transaction Amount: $8,500,000
- Address: 507 N. Chandler Avenue
- Market: Monterey Park, CA
- Square Footage: 7,200
- Price per Square Foot: $1,181
- Broker: Shumei Kam - Coldwell Banker Commercial George Realty
The sale of the property was facilitated by Shumei Kam from Coldwell Banker Commercial George Realty. They represented their client in this transaction, ensuring a successful deal for both parties involved.
Players
Monterey Park Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93