Macy Lai Acquires Industrial Property In West Los Angeles For $14M
1975 S Sepulveda Blvd, Los Angeles, California 90025, United States
$14,000,000
$538/SF
Building Size
26,000 SF
Asset Type
Industrial
Closing
May 17, 2022
AI
An industrial property located at 1975-1977 S. Sepulveda Blvd. in West Los Angeles has been sold for a total price of $14,000,000. The property spans 26,000 square feet, resulting in a price per square foot of $538.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Address: 1975-1977 S. Sepulveda Blvd., West Los Angeles
- Market: West Los Angeles
The buyer of the property is Macy Lai, while the seller is Farmers & Merchants Bank. The seller was represented by Kevin Foley, Mark Shaffer, Mark Latimer, and Nick Walker from CBRE.
Players
Los Angeles 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93