Blackcrow Industries Acquires La Mirada Industrial Property For $4.8M
16450 Phoebe Avenue, Mirada, L A, CA 90638, USA
$4,800,000
$200/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Nov 27, 2018
AI
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.
Players
La Mirada 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93