RDO Equipment Acquires Industrial Property In La Mirada For $9.25M
SOLD
$9,250,000
California
See Similar DealsIndustrial21,980 SF
Sold 06/03/2024
SOLD
RDO Equipment Acquires Industrial Property In La Mirada For $9.25M
14575 North Firestone Boulevard
See Similar DealsIndustrial21,980 SF
Sold 06/03/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$420
Total Square Footage:21,980 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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