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14150 S Figueroa St, Los An...

Dovetail Furniture & Designs Acquires Industrial Property In Gardena For $7.2M
SOLDIndustrial

Dovetail Furniture & Designs Acquires Industrial Property In Gardena For $7.2M

14150 S Figueroa St, Los Angeles, CA 90061, USA

$7,200,000

$172/SF

Building Size

41,723 SF

Asset Type

Industrial

Closing

Oct 11, 2020

AI

A 41,723 square foot industrial property located at 14150 S. Figueroa St in Gardena has been sold. The property was sold for $7,200,000, resulting in a price per square foot of $172.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,200,000
  • Address: 14150 S. Figueroa St, Gardena
  • Market: Gardena

The buyer of the property is Dovetail Furniture & Designs, while the seller is AJ Wholesale. The deal was facilitated by Matthew Stringfellow, Courtney Bell, and Tyler Rollema from The Klabin Company/CORFAC International.

Players

Matthew Stringfellow

CORFAC International

Broker

$50.9M

vol

14 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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93