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Classic Components Acquires Industrial Property In Gardena From Marmon Properties For $10.7M
SOLD
$10,700,000
California
See Similar DealsIndustrial37,072 SF
Sold 03/18/2024
SOLD
Classic Components Acquires Industrial Property In Gardena From Marmon Properties For $10.7M
14011 South Normandie Avenue
See Similar DealsIndustrial37,072 SF
Sold 03/18/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$288
Total Square Footage:37,072 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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