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12450 Foothill Boulevard, S...

Staley Point Capital Acquires Industrial Property On Foothill Blvd. In Northern Los Angeles For $24M
SOLDIndustrial

Staley Point Capital Acquires Industrial Property On Foothill Blvd. In Northern Los Angeles For $24M

12450 Foothill Boulevard, Sylmar, CA, USA

$24,000,000

$233/SF

Building Size

103,000 SF

Asset Type

Industrial

Closing

Dec 9, 2021

AI

Staley Point Capital, represented by Eric Staley, has acquired an industrial property located at 12450 Foothill Blvd. in Northern Los Angeles. The transaction was facilitated by Delphi Business Properties.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $24,000,000
  • Address: 12450 Foothill Blvd.
  • Market: Northern Los Angeles
  • Square footage: 103,000
  • Price per square foot: $234

Staley Point Capital, led by Eric Staley, successfully closed the deal to acquire the industrial property at 12450 Foothill Blvd. in Northern Los Angeles. Delphi Business Properties served as the broker in this transaction.

Players

Eric Staley

Staley Point Capital

Buyer

$157M

vol

4 deals

Buyer

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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93