Classic Components Acquires Industrial Property In Gardena From Marmon Properties For $10.7M
14011 South Normandie Avenue
$10,700,000
$288/SF
Building Size
37,072 SF
Asset Type
Industrial
Closing
Mar 18, 2024
AI
The industrial property located at 14011 South Normandie Avenue in Gardena was sold for $10,700,000. The asset spans 37,072 square feet and was acquired by Classic Components from Marmon Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,700,000
- Address: 14011 South Normandie Avenue
- Market: Gardena
- Buyer: Classic Components
- Seller: Marmon Properties
- Brokers: Alexander Harrold & Austin Borges - Matthews Real Estate Investment Services
The transaction was facilitated by Alexander Harrold & Austin Borges from Matthews Real Estate Investment Services. The 37,072-square-foot property will now serve as the new corporate headquarters for Classic Components following the acquisition from Marmon Properties.
Players
Gardena Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93