Staley Point Capital Acquires Industrial Property On Foothill Blvd. In Northern Los Angeles For $24M
SOLD
$24,000,000
California
See Similar DealsIndustrial103,000 SF
Sold 12/09/2021
SOLD
Staley Point Capital Acquires Industrial Property On Foothill Blvd. In Northern Los Angeles For $24M
12450 Foothill Boulevard, Sylmar, CA, USA
See Similar DealsIndustrial103,000 SF
Sold 12/09/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$233
Total Square Footage:103,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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