Iman Eshaghyan & Mina Eshaghyan Acquire Industrial Property In West Los Angeles For $3.8M
SOLD
$3,800,000
California
See Similar DealsIndustrial6,485 SF
Sold 01/06/2021
SOLD
Iman Eshaghyan & Mina Eshaghyan Acquire Industrial Property In West Los Angeles For $3.8M
11150 La Grange Ave, West Los Angeles, Los Angeles, CA, USA
See Similar DealsIndustrial6,485 SF
Sold 01/06/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$586
Total Square Footage:6,485 SF
Transaction Type:Sale
Iman Eshaghyan and Mina Eshaghyan of Coldwell Banker facilitated the sale of an industrial property located at 11150 La Grange Ave, West Los Angeles. The transaction took place on January 6, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Square Footage: 6,485
- Price per Square Foot: $585
- Market: West Los Angeles
The property, with a total area of 6,485 square feet, was sold for a price of $3,800,000, resulting in a price per square foot of $585. The industrial asset is situated at 11150 La Grange Ave in West Los Angeles.
Iman Eshaghyan and Mina Eshaghyan, both associated with Coldwell Banker, represented the parties involved in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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