Daras International, LLC Acquires Industrial Property In Gardena For $2M
SOLD
$2,000,000
California
See Similar DealsIndustrial12,100 SF
Sold 09/11/2019
SOLD
Daras International, LLC Acquires Industrial Property In Gardena For $2M
1818 West 144th Street, Gardena, CA, USA
See Similar DealsIndustrial12,100 SF
Sold 09/11/2019
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$165
Total Square Footage:12,100 SF
Transaction Type:Sale
An industrial property located at 1818-1828 W 144th Street in Gardena has been sold for $2,000,000. The property spans 12,100 square feet and was sold at a price per square foot of $165. The transaction was completed on September 11, 2019 with a two-week closing period.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Square Footage: 12,100
- Price per Square Foot: $165
- Market: Gardena
Patrick McDonald acted as the seller in the transaction, while Daras International, LLC purchased the property. The deal was facilitated by Patrick O’Loughlin from Newmark Knight Frank, Elizabeth Clark from Compass, and Sayeh Foroutan, also from Compass.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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