Atlas Capital Group Acquires Industrial Property In East 8th Street For $240M
200 East 8th Street, Los Angeles, CA 90014, USA
$240,000,000
$364/SF
Building Size
658,000 SF
Asset Type
Industrial
Closing
Dec 19, 2019
AI
The industrial property located at 200 E. 8th St has been sold for a staggering price of $240,000,000. Spanning an area of 658,000 square feet, the property was purchased at a rate of $364.74 per square foot. The transaction took place on December 20, 2019.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $240,000,000
- Address: 200 E. 8th St
- Square Footage: 658,000 sqft
- Price per Square Foot: $364.74
The seller, Harridge Development Group, was represented by David Schwartzman. On the other hand, the buyer, Atlas Capital Group, was represented by Jeffrey Goldberger.
Players
Long Beach 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93