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1407 Esperanza Street, Los ...

Floyd Shaheen & Emily Shikhvarger Sell Industrial Property In Los Angeles For $1.67M
SOLDIndustrial

Floyd Shaheen & Emily Shikhvarger Sell Industrial Property In Los Angeles For $1.67M

1407 Esperanza Street, Los Angeles, CA, USA

$1,670,000

$321/SF

Building Size

5,200 SF

Asset Type

Industrial

Closing

Dec 30, 2020

AI

1407-1411 Esperanza St in Los Angeles was recently sold in a closed transaction. The industrial property, spanning 5,200 square feet, was sold for a price of $1,670,000, resulting in a price per square foot of $321.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,670,000
  • Square Footage: 5,200
  • Price per Square Foot: $321
  • Address: 1407-1411 Esperanza St, Los Angeles
  • Market: Los Angeles

The buyer's representative in this transaction was Johnny Cho from CPGI, while the seller's representatives were Floyd Shaheen and Emily Shikhvarger from Marcus & Millichap.

Players

Emily Shikhvarger

Marcus & Millichap

Broker

$21.7M

vol

10 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

9.50%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93