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AIDS Healthcare Foundation Acquires Industrial Property In Gardena For $20M

Property Image
SOLD
$20,000,000

California

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Industrial53,978 SF
Sold 10/06/2023
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Property Image
SOLD

AIDS Healthcare Foundation Acquires Industrial Property In Gardena For $20M

18421 South Main Street

See Similar Deals
Industrial53,978 SF
Sold 10/06/2023
Contact now

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.

Players

Andrew Dilfer
2 deals$48.2M volume(310) 906-3280
BROKER

Luke Staubitz
Kidder Mathews
2 deals$48.2M volume(310) 906-3288
BROKER

Harvey Beesen
Kidder Mathews
2 deals$48.2M volume(310) 906-3264
BROKER

BUYER

Details

SOLD
IMAGE: Andrew Dilfer, Luke Staubitz & Harvey Beesen DATE: 10/06/2023 ADDRESS: 18421 South Main Street MARKET: Gardena ASSET TYPE: Industrial BUYER: AIDS Healthcare Foundation SELLER'S REP: Andrew Dilfer, Luke Staubitz & Harvey Beesen (@HarveyBeesen) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $20,000,000 SF: 53,978 ~ PPSF: $371

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Deal Type
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