Updated Oct 29, 2024
Daras International, LLC Acquires Industrial Property In Gardena For $2M
1818 West 144th Street, Gardena, CA, USA
$2,000,000
$165/SF
Building Size
12,100 SF
Asset Type
Industrial
Closing
Sep 10, 2019
About this deal
AI
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.
On the Map
$2,000,000
$165/SF
Industrial
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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