Lee & Associates West LA Represents Seller John Jackson Jr. In $9.75M Industrial Sale On Cole Ave
SOLD
$9,750,000
California
See Similar DealsIndustrial5,325 SF
Sold 09/14/2022
SOLD
Lee & Associates West LA Represents Seller John Jackson Jr. In $9.75M Industrial Sale On Cole Ave
1044 Cole Avenue, Los Angeles, California 90038, United States
See Similar DealsIndustrial5,325 SF
Sold 09/14/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$1,831
Total Square Footage:5,325 SF
Transaction Type:Sale
The industrial property located at 1044 Cole Avenue in Los Angeles, CA was recently sold for a price of $9,750,000. The property spans 5,325 square feet, resulting in a price per square foot of $1,831.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,750,000
- Square Footage: 5,325
- Price per Square Foot: $1,831
- Address: 1044 Cole Avenue, Los Angeles, CA
- Market: Los Angeles, CA
- Seller: John Jackson Jr.
- Seller's Representative: Paul Brehme & Brad McCoy - Lee & Associates West LA
Brad McCoy and Paul Brehme from Lee & Associates West LA represented John Jackson Jr., the seller, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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