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1741 Rosecrans Ave, Gardena...

Majestic Lighting Acquires Industrial Property On W Rosecrans Ave For $2M
SOLDIndustrial

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

Ronie Ravan

Broker

$3.7M

vol

3 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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