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14575 North Firestone Boule...

RDO Equipment Acquires Industrial Property In La Mirada For $9.25M
SOLDIndustrial

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

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:

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

Bradley Schneider

Lee & Associates

Broker

$15.7M

vol

3 deals

Broker

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