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

Property Image
SOLD
$4,450,000
George Wilson
David (Dave) Wilson
Brad McCoy

California

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Industrial24,633 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

1373 North Broadway

See Similar Deals
Industrial24,633 SF
Sold
George Wilson
David (Dave) Wilson
Brad McCoy
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$180
Total Square Footage:24633 SF
Transaction Type:Sale

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
Brad McCoy
44 deals$631.9M volume
BROKER
David (Dave) Wilson
Lee & Associates
David Wilson
33 deals$558.8M volume
BROKER
George Wilson
Lee & Associates
George Wilson
14 deals$175.2M volume
BROKER

Details

SOLD
IMAGE: Brad McCoy, David Wilson & George Wilson DATE: 06/26/2024 ADDRESS: 1373 North Broadway MARKET: Los Angeles ASSET TYPE: Industrial BUYER: Angus Wall SELLER: Scott Norton - Norton Family Trust BROKERS: Brad McCoy (@BradfordMccoy) , David Wilson (@CreativeOffice365) & George Wilson (Og_GeorgeWilson) - Lee & Associates (@LeeWestLA) SALE PRICE: $4,450,000 SF: 24,633 ~ PPSF: $181

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

$237,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24