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
$9,750,000
$1,831/SF
Building Size
5,325 SF
Asset Type
Industrial
Closing
Sep 14, 2022
AI
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.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93