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15100 South San Pedro Stree...

Cohen Asset Management Acquires Industrial Property In Los Angeles For $37.3M
SOLDIndustrial

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

Mark Schuessler

Colliers

Broker

$1.3B

vol

37 deals

Broker
Newmark
NewmarkBrokerage
Charles Cohen

Charles Cohen

Cohen Asset Management

Buyer

$1.1B

vol

23 deals

Buyer

Gardena Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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