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1373 North Broadway

Angus Wall Acquires Industrial Property In Los Angeles For $4.45M
SOLDIndustrial

Angus Wall Acquires Industrial Property In Los Angeles For $4.45M

1373 North Broadway

$4,450,000

$180/SF

Building Size

24,633 SF

Asset Type

Industrial

Closing

Jun 26, 2024

AI

The industrial property located at 1373 North Broadway in Los Angeles was sold for $4,450,000. The asset spans 24,633 square feet, resulting in a price per square foot of $181.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,450,000
  • Address: 1373 North Broadway
  • Market: Los Angeles

The transaction involved the sale of the industrial property with Angus Wall as the buyer and Scott Norton representing the Norton Family Trust as the seller. The deal was facilitated by Brad McCoy, David Wilson, and George Wilson from Lee & Associates.

Players

Brad McCoy

Lee & Associates

Broker

$638.7M

vol

44 deals

Broker

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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93