Updated Oct 29, 2024
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
About this deal
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.
On the Map
$240,000,000
$364/SF
Industrial
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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