Updated Oct 29, 2024
CenterPoint Properties Acquires Harbor Gateway Industrial Property For $21M
13217 South Figueroa Street, Los Angeles, CA 90061, USA
$21,000,000
$166/SF
Building Size
126,000 SF
Asset Type
Industrial
Closing
Jul 8, 2018
About this deal
AI
An industrial property located at 13217 S. Figueroa St. in Harbor Gateway, LA, has recently been sold for $21,000,000. The property spans 126,000 square feet and has a price per square foot of $167.
Summary of transaction details
- Property Type: Industrial Property
- Transaction Amount: $21,000,000
- Square Footage: 126,000
- Price per Square Foot: $167
- Address: 13217 S. Figueroa St.
- Market: Harbor Gateway
- City: LA
The buyer of the property is CenterPoint Properties, represented by Ryan Dunlap. On the other hand, Goldrich & Kest Inc., represented by Carole Glodney, acted as the seller in this transaction.
Players
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93