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
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