Cohen Asset Management Acquires Industrial Property In Los Angeles For $37.3M
15100 South San Pedro Street, Gardena, CA 90248, USA
$37,320,000
$333/SF
Building Size
112,075 SF
Asset Type
Industrial
Closing
Nov 9, 2020
AI
A industrial property located at 15100 S. San Pedro St. in Los Angeles has been sold in a transaction. The property, with a total square footage of 112,075, was sold for a price of $37,320,000, resulting in a price per square foot of $333. The sale took place on 11/10/2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,320,000
- Address: 15100 S. San Pedro St.
- Market: Los Angeles
Cohen Asset Management acquired the property from the sellers, Panattoni Development Company and M. Payne Investments. The transaction was facilitated by brokers Ryan Plummer, Andrey Mindirgasov, Sean Fulp, and Mark Schuessler, represented by DataToDeals.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93