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.
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