Updated Dec 4, 2024
Industrial Property In La Mirada Sold For $32.425 Million With Colliers As Brokers
16930 Valley View Avenue
$32,425,000
$260/SF
Building Size
124,500 SF
Asset Type
Industrial
Closing
Oct 24, 2024
About this deal
AI
A 124,500-square-foot industrial property located at 16930 Valley View Avenue in La Mirada has been sold for $32.425 million. The property spans over 7.22 acres and is set for redevelopment into a 143,600-square-foot Class A facility, providing access to key transportation hubs in Southern California.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,425,000
- Square Footage: 124,500
- Address: 16930 Valley View Avenue
- Market: La Mirada
- Planned Redevelopment: 143,600-square-foot Class A facility
- Access: Prime access to Southern California's key transportation hubs
The transaction involved brokers Christopher Sheehan, Elizabeth Capati, Gian Bruno, Jeffrey Smart, Kenny Patricia, Kylie Jones, Michael Kendall, Mike Foley, and Senna De La Cruz representing Colliers, who facilitated the sale and attracted significant interest from investors and developers.
On the Map
$32,425,000
$260/SF
Industrial
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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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93