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1600 West 135th Street, Gar...

Overton Moore Properties Acquires Industrial Property In Gardena For $35.1M
SOLDIndustrial

Overton Moore Properties Acquires Industrial Property In Gardena For $35.1M

1600 West 135th Street, Gardena, CA, USA

$35,100,000

$134/SF

Building Size

261,950 SF

Asset Type

Industrial

Closing

Sep 13, 2021

AI

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.

Players

Bailey Dawson

Hines

Broker

$276.5M

vol

6 deals

Broker
OP
Overton Moore PropertiesBuyer

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93