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1818 West 144th Street, Gar...

Daras International, LLC Acquires Industrial Property In Gardena For $2M
SOLDIndustrial

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

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.

Players

Sayeh Foroutan

Compass

Broker

$17.2M

vol

10 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