Lavissani LLS Acquires Inglewood Development Site For $11M
SOLD
$11,000,000
+ 1
California
See Similar DealsDevelopment Site41,000 SF
Sold 06/03/2022
SOLD
Lavissani LLS Acquires Inglewood Development Site For $11M
Inglewood, California, United States
See Similar DealsDevelopment Site41,000 SF
Sold 06/03/2022
+ 1
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$268
Total Square Footage:41,000 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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