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251 South Elwood Avenue

Socal Apartment Advisors Brokers Facilitate $5.25M Sale Of Special Purpose Asset In San Gabriel Valley
SOLDSpecial Purpose

Socal Apartment Advisors Brokers Facilitate $5.25M Sale Of Special Purpose Asset In San Gabriel Valley

251 South Elwood Avenue

$5,250,000

$280/SF

Building Size

18,721 SF

Asset Type

Special Purpose

Closing

Jul 22, 2022

AI

The special purpose property located at 251 S. Elwood Ave. in the San Gabriel Valley was recently sold for a total price of $5,250,000. Spanning across 18,721 square feet, the property showcases its unique characteristics in the area. The transaction took place on 07/22/2022, with a price per square foot (PPSF) of $280.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $5,250,000
  • Address: 251 S. Elwood Ave.
  • Market: San Gabriel Valley
  • Square Footage: 18,721 SF
  • Price per Square Foot: $280

The deal was facilitated by the Socal Apartment Advisors. The team involved in the transaction includes Eric Chen, Jason Chao, and Steven Saunders, who represented their respective parties. Their expertise and negotiation skills resulted in the successful completion of the sale.

Players

Eric Chen

CBRE

Broker

$886.6M

vol

108 deals

Broker

Tulsa Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93