Greater Los Angeles County Vector Control Acquires Industrial Property In Pacoima For $13.1M
SOLD
$13,091,145
California
See Similar DealsIndustrial38,063 SF
Sold 12/06/2023
SOLD
Greater Los Angeles County Vector Control Acquires Industrial Property In Pacoima For $13.1M
10643 Glenoaks Boulevard
See Similar DealsIndustrial38,063 SF
Sold 12/06/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$343
Total Square Footage:38,063 SF
Transaction Type:Sale
The industrial property located at 10643 Glenoaks Boulevard in Pacoima has been sold. The property spans 38,063 square feet and was sold at a price of $13,091,145, which translates to a price per square foot of $344. The seller, Alexander Elnekaveh, successfully closed the transaction with the buyer, Greater Los Angeles County Vector Control.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,091,145
- Address: 10643 Glenoaks Boulevard, Pacoima
- Market: Pacoima
The buyer, Greater Los Angeles County Vector Control, acquired the industrial property from seller Alexander Elnekaveh. Representing the seller in the deal was Chris Mckenzie from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$698,194.39
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,510.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,058.71
Annual Debt Service$744,704.47
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