Updated Dec 4, 2024
RDO Equipment Acquires Industrial Property In La Mirada For $9.25M
14575 North Firestone Boulevard
$9,250,000
$420/SF
Building Size
21,980 SF
Asset Type
Industrial
Closing
Jun 3, 2024
About this deal
AI
The industrial property located at 14575 North Firestone Boulevard in La Mirada, was recently sold in a transaction between RDO Equipment and Stos Partners. The property spans 21,980 square feet and was purchased for $9,250,000, equating to a price per square foot of $421.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,250,000
- Address: 14575 North Firestone Boulevard
- Market: La Mirada
- Buyer: RDO Equipment
- Seller: Stos Partners
- Brokers: Bradley Schneider & Nick Krakower - Lee & Associates
Bradley Schneider and Nick Krakower from Lee & Associates facilitated the deal between RDO Equipment and Stos Partners. Both parties were represented by these brokers in the industrial property transaction.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93