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

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SOLD
$20,330,000

California

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Industrial78,700 SF
Sold 08/03/2023
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SOLD

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

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

See Similar Deals
Industrial78,700 SF
Sold 08/03/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$258
Total Square Footage:78,700 SF
Transaction Type:Sale

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

8 deals$101.8M volume
SELLER

Details

SOLD
IMAGE: Raymond Levy DATE: 08/03/2023 ADDRESS: 131 West 33rd Street MARKET: National City ASSET TYPE: Industrial SELLER: Unilev Capital Corp - Raymond Levy BROKER: CBRE (@CBRE) SALE PRICE: $20,330,000 SF: 78,700 ~ PPSF: $258 NOTE: Unilev affiliate sells 78,700 sq. ft. industrial property at 131 West 33rd St. in National City, Calif., for $20.33 million ($258.32/sf). The 1969-built property, renovated in 2019, was purchased by an unnamed Los Angeles investor through CBRE.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,084,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$72,228.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,374.57
Annual Debt Service$1,156,494.86