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:
- 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