Updated Sep 11, 2026
Industrial Outdoor Ventures (IOV) Acquires Wilmington, CA Industrial Property For $9M
302 Lakme Ave, Wilmington, CA 90744, USA
$9,000,000
Building Size
—
Asset Type
—
Closing
Dec 1, 2022
About this deal
AI
An industrial property located at 302 Lakme Ave in Wilmington, CA has been sold for $9,000,000. The property spans across a lot size of 47,500 square feet, resulting in a price per square foot of $189.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Lot Size: 47,500 square feet
- Price per Square Foot: $189
- Address: 302 Lakme Ave, Wilmington, CA
The buyer of the property was Industrial Outdoor Ventures (IOV), represented by Benjamin Backer. The seller, Susan Shimmin, successfully closed the transaction. The buyer was supported by Roy Harel and Jonathan Lee from Nublock Partners, who acted as their representatives during the deal.
On the Map
$9,000,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93