AIDS Healthcare Foundation Acquires Industrial Property In Gardena For $20M
SOLD
California
See Similar DealsIndustrial53,978 SF
Sold 10/06/2023
SOLD
AIDS Healthcare Foundation Acquires Industrial Property In Gardena For $20M
18421 South Main Street
See Similar DealsIndustrial53,978 SF
Sold 10/06/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$370
Total Square Footage:53,978 SF
Transaction Type:Sale
The industrial property located at 18421 South Main Street in Gardena has been sold for a transaction amount of $20,000,000. The property, measuring 53,978 square feet, is situated in the Gardena market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Square Footage: 53,978
- Price Per Square Foot: $371
- Address: 18421 South Main Street
- Market: Gardena
The buyer of this property is AIDS Healthcare Foundation. The seller's representatives for this deal were Andrew Dilfer, Luke Staubitz, and Harvey Beesen from Kidder Mathews.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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