Stos Partners Acquires Industrial Property In La Mirada For $6.46M
SOLD
$6,460,000
California
See Similar DealsIndustrial22,000 SF
Sold 06/07/2022
SOLD
Stos Partners Acquires Industrial Property In La Mirada For $6.46M
14575 Firestone Blvd.La Mirada, CA 90638, USA
See Similar DealsIndustrial22,000 SF
Sold 06/07/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$293
Total Square Footage:22,000 SF
Transaction Type:Sale
An industrial property in La Mirada has been sold for $6,460,000. The property, located at 14575 Firestone Blvd., spans 22,000 square feet and was sold by Stos Partners. The sale price equates to approximately $293 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,460,000
- Address: 14575 Firestone Blvd.
- Market: La Mirada
- Buyer: Stos Partners
- Buyer's Representative: Brad Schneider & Nick Krakower - Lee & Associates
The deal was facilitated by Brad Schneider and Nick Krakower of Lee & Associates. This transaction marks a notable acquisition in the La Mirada industrial market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$344,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,951.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,623.70
Annual Debt Service$367,484.35
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