Longpoint Partners Acquires Industrial Property In Pacoima For $11.18M Represented By Joshua A. Cohan
SOLD
$11,175,000
California
See Similar DealsIndustrial38,324 SF
Sold 11/12/2024
SOLD
Longpoint Partners Acquires Industrial Property In Pacoima For $11.18M Represented By Joshua A. Cohan
12400 Osborne Street
See Similar DealsIndustrial38,324 SF
Sold 11/12/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$291
Total Square Footage:38,324 SF
Transaction Type:Sale
This industrial property, located at 12400 Osborne Street in Pacoima, was sold for $11,175,000. The asset encompasses a total area of 38,324 square feet, resulting in a price per square foot of $291.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,175,000
- Square Footage: 38,324
- Price per Square Foot: $291
- Buyer: Longpoint Partners
- Broker: Joshua A. Cohan - Marcus & Millichap
- Sale Date: 11/12/2024
- Address: 12400 Osborne Street
- Market: Pacoima
The transaction was facilitated by Joshua A. Cohan, representing Marcus & Millichap in the deal, providing brokerage services to Longpoint Partners, the buyer of this industrial property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$595,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,702.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,975.20
Annual Debt Service$635,702.41
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