Caravan Group Acquires Industrial Property In Los Angeles For $19.1M
SOLD
$19,089,935
California
See Similar DealsIndustrial75,356 SF
Sold 03/04/2022
SOLD
Caravan Group Acquires Industrial Property In Los Angeles For $19.1M
13055 Temple Avenue, Industry, California 91746, United States
See Similar DealsIndustrial75,356 SF
Sold 03/04/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$253
Total Square Footage:75,356 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,018,129.87
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,822.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,496.03
Annual Debt Service$1,085,952.37
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