Lavissani LLS Acquires Inglewood Development Site For $11M
Inglewood, California, United States
$11,000,000
$268/SF
Building Size
41,000 SF
Asset Type
Development Site
Closing
Jun 2, 2022
AI
A development site in Inglewood has been sold for $11,000,000. The property has a building square footage (BSF) of 41,000, resulting in a price per building square footage (PPBSF) of $268. The transaction took place on June 3, 2022, and involved the buyer Lavissani LLS and the seller White & Day Inc.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Building Square Footage (BSF): 41,000
- Price per Building Square Footage (PPBSF): $268
- Market: Inglewood
The seller's representatives in the deal were Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, and Kyle Woods from CBRE.
Players
Inglewood 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93