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13200 S Western Ave, Garden...

Dabby Properties Acquires Industrial Property In Gardena For $9.03M
SOLDIndustrial

Dabby Properties Acquires Industrial Property In Gardena For $9.03M

13200 S Western Ave, Gardena, CA 90249, USA

$9,035,000

$213/SF

Building Size

42,385 SF

Asset Type

Industrial

Closing

Apr 18, 2021

AI

Located in Gardena, the industrial property at 13200-13228 S. Western Avenue recently changed ownership. The property spans a total area of 42,385 square feet. The sale price for this transaction was $9,035,000, resulting in a price per square foot of $213.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,035,000
  • Date: 04/19/2021
  • Address: 13200-13228 S. Western Avenue
  • Market: Gardena

Dabby Properties acquired the property from Gregory Geiser, who represented Wedgewood in the sale. Kevin Foley, Mark Shaffer, Anthony DeLorenzo, Gary Stache, Doug Mack, and Bryan Johnson from CBRE served as the seller's representatives.

Players

Bryan Johnson

CBRE

Broker

$763.9M

vol

49 deals

Broker
DP
Dabby PropertiesBuyer

Gardena 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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93