Updated Oct 29, 2024
Harridge Development Group Acquires Development Site In San Pedro For $151.6M
26900 South Western Avenue, San Pedro, CA, USA
$151,600,000
$797/SF
Building Size
190,000 SF
Asset Type
Development Site
Closing
Apr 25, 2018
About this deal
AI
A development site located at 26900 South Western Avenue in San Pedro, Los Angeles, has been sold for $151,600,000. The property was sold by iStar to Harridge Development Group, represented by David Schwartzman. The asset is situated in the bustling city of San Pedro, offering immense potential for development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $151,600,000
- Address: 26900 South Western Avenue, Los Angeles
- Market: San Pedro
Harridge Development Group, represented by David Schwartzman, acted as the buyer in this significant transaction. The sale marks a successful deal for both parties involved, showcasing the growth and potential of the real estate market in San Pedro.
San Pedro Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93