Osamah Khaled Of Gorgeous Home Linen Acquires Industrial Property In Gardena For $2.69M
14601 South Main Street
$2,690,000
$188/SF
Building Size
14,310 SF
Asset Type
Industrial
Closing
Aug 2, 2024
AI
The property involved in this transaction is an industrial asset located at 14601 South Main Street in Gardena. The sale price of the property was $2,690,000. It has a total square footage of 14,310, which gives it a price per square foot of $187.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,690,000
- Address: 14601 South Main Street
- Market: Gardena
- Square Footage: 14,310
- Price per Square Foot: $187
- Buyer: Osamah Khaled - Gorgeous Home Linen
- Seller: Francis L. Ballesteros - 2018 Holdings Trust
- Brokers: Eric S. Chavez & Ronald Ballesteros - CAREBF Inc., Brokered By eXp Commercial Realty
Key individuals involved in the transaction include Osamah Khaled, the buyer representing Gorgeous Home Linen, and Francis L. Ballesteros, who sold the property through the 2018 Holdings Trust. The transaction was facilitated by brokers Eric S. Chavez and Ronald Ballesteros of CAREBF Inc., with brokerage services provided by eXp Commercial Realty.
Players
Gardena 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
5.90%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93