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Dabby Properties Acquires Industrial Property In Gardena For $9.03M

Property Image
SOLD
$9,035,000
Mark Shaffer
Kevin Foley
Bryan Johnson
+ 3

California

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Industrial42,385 SF
Sold
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Property Image
SOLD

Dabby Properties Acquires Industrial Property In Gardena For $9.03M

13200 S Western Ave, Gardena, CA 90249, USA

See Similar Deals
Industrial42,385 SF
Sold
Mark Shaffer
Kevin Foley
Bryan Johnson
+ 3
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$213
Total Square Footage:42,385 SF
Transaction Type:Sale

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
Bryan Johnson
49 deals$763.9M volume(949) 809-3762
BROKER
Doug Mack
CBRE
Doug Mack
20 deals$251.1M volume
BROKER
Gary Stache
CBRE
Gary Stache
33 deals$481.9M volume
BROKER
Anthony DeLorenzo
CBRE
Anthony DeLorenzo
116 deals$2B volume
BROKER
Kevin Foley
CBRE
Kevin Foley
19 deals$331.2M volume
BROKER
Mark Shaffer
CBRE
Mark Shaffer
38 deals$708.8M volume
BROKER
DP
Dabby Properties
BUYER

Details

SOLD
IMAGE: Kevin Foley, Anthony DeLorenzo, Mark Shaffer and Gary Stache DATE: 04/19/2021 ADDRESS: 13200-13228 S. Western Avenue MARKET: Gardena ASSET TYPE: Industrial BUYER: Dabby Properties SELLER: Gregory Geiser (Wedgewood) SELLER’S REP: Kevin Foley @KPFoley, Mark Shaffer, Anthony DeLorenzo, Gary Stache, Doug Mack & Bryan Johnson - CBRE SALE PRICE: $9,035,000 SF: 42,385 ~ PPSF: $213

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

$481,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,099.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,830.51
Annual Debt Service$513,966.11