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128 West Gardena Boulevard,...

Partners Capital Inc. Acquires Industrial Property In Gardena For $10.8M
SOLDIndustrial

Partners Capital Inc. Acquires Industrial Property In Gardena For $10.8M

128 West Gardena Boulevard, Gardena, California 90248, United States

$10,825,000

$188/SF

Building Size

57,555 SF

Asset Type

Industrial

Closing

Feb 24, 2022

AI

Partners Capital Inc. has acquired an industrial property located at 128-144 W. Gardena Blvd. in Gardena. The property spans 57,555 square feet and was sold for a total price of $10,825,000, resulting in a price per square foot of $188. The transaction took place on February 25, 2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $10,825,000
  • Address: 128-144 W. Gardena Blvd.
  • Market: Gardena

Partners Capital Inc. was represented by Ryan Adjnasian and Mark Blumenthal, while the seller, Richard Williams, was represented by Steve Bohannon of Cushman & Wakefield. Andy Gage, Remy Moses, and David Bales from Lee & Associates served as the buyer's representatives in the deal.

Players

Andrew Gage

Lee & Associates

Broker

$42M

vol

5 deals

Broker
Ryan Adjnasian

Ryan Adjnasian

Partners Capital Inc.

Buyer

$75.1M

vol

10 deals

Buyer

Gardena Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93