Updated Oct 28, 2024
Caravan Group Acquires Industrial Property In Los Angeles For $19.1M
13055 Temple Avenue, Industry, California 91746, United States
$19,089,935
$253/SF
Building Size
75,356 SF
Asset Type
Industrial
Closing
Mar 3, 2022
About this deal
AI
Located at 13055 E. Temple Avenue in Los Angeles, this industrial property was recently sold in a transaction facilitated by Lee & Associates. The property spans 75,356 square feet and was sold for a price of $19,089,935, resulting in a price per square foot of $253. The sale took place on March 4, 2022. The buyer of the property was Caravan Group, while the seller was Chalmers Equity Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,089,935
- Address: 13055 E. Temple Avenue
- Market: Los Angeles
- Square Footage: 75,356
Representing the parties involved in this transaction were Andy Gage, Remington Moses, and David Bales from Lee & Associates. Their expertise and negotiation skills played a crucial role in successfully closing the deal between Caravan Group and Chalmers Equity Group.
On the Map
$19,089,935
$253/SF
Industrial
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Players
El Monte 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93