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131 W 33rd St National City...

Unilev Capital Corp Sells Industrial Property In National City For $20.33M
SOLDIndustrial

Unilev Capital Corp Sells Industrial Property In National City For $20.33M

131 W 33rd St National City, Ca 91950, Usa

$20,330,000

$258/SF

Building Size

78,700 SF

Asset Type

Industrial

Closing

Aug 3, 2023

AI

An industrial property located at 131 West 33rd Street in National City, California, has been sold for $20.33 million. The property spans 78,700 square feet and was built in 1969. It underwent renovations in 2019. The sale price equates to approximately $258.32 per square foot. The transaction was facilitated by CBRE on behalf of the seller, Unilev Capital Corp, represented by Raymond Levy. The buyer, an undisclosed Los Angeles investor, acquired the property.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,330,000
  • Square Footage: 78,700
  • Price per Square Foot: $258
  • Address: 131 West 33rd Street, National City, California
  • Market: National City
  • Seller: Unilev Capital Corp
  • Seller's Representative: Raymond Levy
  • Broker: CBRE

The sale of the industrial property at 131 West 33rd Street in National City, California, was completed with the assistance of CBRE, representing Unilev Capital Corp. Raymond Levy acted as the seller's representative in the deal. The specific identity of the buyer remains undisclosed.

Players

Raymond Levy

Unilev Capital

Seller

$101.8M

vol

8 deals

Seller

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

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93