Stos Partners Acquires Industrial Property In La Mirada For $6.46M
14575 Firestone Blvd.La Mirada, CA 90638, USA
$6,460,000
$293/SF
Building Size
22,000 SF
Asset Type
Industrial
Closing
Jun 6, 2022
AI
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
La Mirada 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93