Majestic Lighting Acquires Industrial Property On W Rosecrans Ave For $2M
1741 Rosecrans Ave, Gardena, CA 90249, USA
$2,000,000
$27/SF
Building Size
72,900 SF
Asset Type
Industrial
Closing
Sep 1, 2020
AI
The industrial property located at 1741 W Rosecrans Ave has been sold in a recent transaction. The property spans 7,290 square feet and was sold for $2,000,000, at a price per square foot of $274. The buyer of the property is Majestic Lighting, while the seller is Hidetide Management. The transaction was facilitated by brokers Ronie Ravan, Elizabeth Clark, and Sayeh Foroutan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Square Footage: 7,290
- Price per Square Foot: $274
- Address: 1741 W Rosecrans Ave
- Buyer: Majestic Lighting
- Seller: Hidetide Management
- Brokers: Ronie Ravan, Elizabeth Clark, and Sayeh Foroutan
The involvement of Ronie Ravan, Elizabeth Clark, and Sayeh Foroutan as brokers highlights the role they played in representing the buyer and seller in this industrial property transaction. They assisted in facilitating the sale, ensuring a successful deal between Majestic Lighting and Hidetide Management.
Players
Gardena 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93