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
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