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19853 Nordhoff Street, Nort...

Century Park Partners Acquires Nordhoff St Industrial Property In Northridge For $10.5M
SOLDIndustrial

Century Park Partners Acquires Nordhoff St Industrial Property In Northridge For $10.5M

19853 Nordhoff Street, Northridge, CA 91324, USA

$10,500,000

$472/SF

Building Size

22,237 SF

Asset Type

Industrial

Closing

Jan 15, 2020

AI

Located in Northridge, the industrial property at 19851-19853 Nordhoff St has been sold in a recent transaction. The property spans 22,237 square feet and was sold for a total price of $10,500,000, resulting in a price per square foot of $472.19. The deal took place on January 16, 2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,500,000
  • Square Footage: 22,237
  • Price Per Square Foot: $472.19
  • Address: 19851-19853 Nordhoff St
  • Market: Northridge

The buyer in this transaction was Century Park Partners, while the seller was GUR Nordhoff. The deal was facilitated by the brokers Sean Fulp, Ryan Plummer, and Mark Schuessler.

Players

Mark Schuessler

Colliers

Broker

$1.3B

vol

38 deals

Broker
Newmark
NewmarkBrokerage

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93