Peter Ciriello, Fariba Kavian & Joseph Faulkner Acquire Development Site In Westchester For $9M
8333 Airport Blvd, Los Angeles, CA 90045, USA
$9,000,000
$105/SF
Building Size
85,000 SF
Asset Type
Development Site
Closing
Jul 8, 2020
AI
The development site located at 8333 Airport Blvd in Westchester was recently sold for $9,000,000. The property spans a total of 85,000 square feet.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Lot Size: 85,000 square feet
- Market: Westchester
- Brokers: Peter Ciriello CCIM, Fariba Kavian, and Joseph Faulkner
Peter Ciriello CCIM, Fariba Kavian, and Joseph Faulkner were the brokers involved in this transaction. They represented the parties in the deal and facilitated the sale of the development site.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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