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
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