Updated Oct 29, 2024
$11.9M Norwalk Warehouse Sold To The Koll Company - Colliers International
13034 Excelsior Drive, Norwalk, CA 90650, USA
$11,900,000
$220/SF
Building Size
54,000 SF
Asset Type
Hotel
Closing
Jan 17, 2019
About this deal
AI
The warehouse located at 13034 Excelsior Dr. in Norwalk has been sold for a price of $11,900,000. The property spans across 54,000 square feet, resulting in a price per square foot of $220. The transaction took place on January 18, 2019.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $11,900,000
- Square Footage: 54,000
- Price per Square Foot: $220
- Address: 13034 Excelsior Dr.
- Market: Norwalk
The buyer of the property is The Koll Company, represented by Scott Lanni. The seller is Klein Investments Family LP. The transaction was facilitated by brokers Mike Hartel, Joe Winkelmann, and Nick Velasquez from Colliers International.
On the Map
$11,900,000
$220/SF
Hotel
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Players
Norwalk Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93