Overton Moore Properties Acquires Industrial Property In Gardena For $35.1M
SOLD
$35,100,000
+ 1
California
See Similar DealsIndustrial261,950 SF
Sold 09/14/2021
SOLD
Overton Moore Properties Acquires Industrial Property In Gardena For $35.1M
1600 West 135th Street, Gardena, CA, USA
See Similar DealsIndustrial261,950 SF
Sold 09/14/2021
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$134
Total Square Footage:261,950 SF
Transaction Type:Sale
The industrial property located at 1600 West 135th Street in Gardena has been sold in a recent transaction. The property spans across 10.8 acres and is categorized as an industrial asset. The sale took place on 09/14/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,100,000
- Address: 1600 West 135th Street, Gardena
- Market: Gardena
- Acres: 10.8
The buyer of the property is Overton Moore Properties, and they entered into the transaction with the seller, SGL Global. The sale was facilitated by the brokerage firm Cushman & Wakefield. The representatives involved in the deal were Mike Condon Jr., Erica Finck, Bailey Dawson, Brittany Winn, and McKenna Gaskill.
The property spans over a total area of 261,950 square feet, resulting in a price per square foot of $133.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,872,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,702.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$166,391.91
Annual Debt Service$1,996,702.89
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