Atlas Capital Group Acquires Industrial Property In East 8th Street For $240M
SOLD
$240,000,000
California
See Similar DealsIndustrial658,000 SF
Sold 12/20/2019
SOLD
Atlas Capital Group Acquires Industrial Property In East 8th Street For $240M
200 East 8th Street, Los Angeles, CA 90014, USA
See Similar DealsIndustrial658,000 SF
Sold 12/20/2019
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$364
Total Square Footage:658,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$852,669.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,137,722.44
Annual Debt Service$13,652,669.31
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