Blackcrow Industries Acquires La Mirada Industrial Property For $4.8M
SOLD
$4,800,000
California
See Similar DealsIndustrial24,000 SF
Sold 11/28/2018
SOLD
Blackcrow Industries Acquires La Mirada Industrial Property For $4.8M
16450 Phoebe Avenue, Mirada, L A, CA 90638, USA
See Similar DealsIndustrial24,000 SF
Sold 11/28/2018
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:24,000 SF
Transaction Type:Sale
Blackcrow Industries has acquired a 24,000 square foot industrial property located at 16450 Phoebe Avenue in La Mirada, CA. The property was sold by the Charles Robert Tyler Trust for a price of $4,800,000, resulting in a price per square foot of $200. The transaction took place on November 28, 2018.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Market: La Mirada
- Buyer: Blackcrow Industries
- Seller: Charles Robert Tyler Trust
- Broker: Christopher J. Destino
Blackcrow Industries plans to renovate the property and use it for their own operations. The seller, Charles Robert Tyler Trust, was an investor. The deal was facilitated by broker Christopher J. Destino.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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