Updated Oct 29, 2024
Vella Group Secures $28.1M Loan For Industrial Property In Hawthorne
12515 Cerise Avenue, Hawthorne, CA, USA
$28,100,000
$457/SF
Building Size
61,412 SF
Asset Type
Industrial
Closing
Jul 29, 2019
About this deal
AI
The industrial property located at 12515-12519 Cerise Avenue in Hawthorne has been involved in a closed transaction. The property spans across 61,412 square feet and was purchased for a loan amount of $28,100,000. The lender for this transaction was M&T Bank. The property is owned by the Vella Group and the deal was represented by brokers Adam Bakhash and Zach Vella.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,100,000
- Square Footage: 61,412
- Address: 12515-12519 Cerise Avenue
- Market: Hawthorne
The Vella Group acted as the landlord in this transaction, while M&T Bank provided the loan. The buyers, represented by Adam Bakhash and Zach Vella as their brokers, successfully acquired the property. This closed deal showcases the involvement of key individuals and companies in the industrial market of Hawthorne.
On the Map
$28,100,000
$457/SF
Industrial
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Players
Hawthorne Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93