Longpoint Partners Acquires Industrial Property In Pacoima For $11.18M Represented By Joshua A. Cohan
12400 Osborne Street
$11,175,000
$291/SF
Building Size
38,324 SF
Asset Type
Industrial
Closing
Nov 12, 2024
AI
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.
Players
Pacoima 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
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93