Daniel Emrani Acquires Industrial Property On Long Beach Avenue For $14.76M
2025 Long Beach Avenue, Vernon, Los Angeles, CA 90058, USA
$14,757,250
$317/SF
Building Size
46,446 SF
Asset Type
Industrial
Closing
Jun 27, 2019
AI
An industrial property located at 2025-2027 Long Beach Avenue has been sold for a total price of $14,757,250. The property covers an area of 46,446 square feet and has a price per square foot of $317.73. The transaction took place on June 28, 2019.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,757,250
- Address: 2025-2027 Long Beach Avenue
- Square Footage: 46,446
- Price per Square Foot: $317.73
The buyer of the property is Daniel Emrani, and the seller is Namu Properties Corp. The brokers involved in the deal are Jake Poxon from 2poxx, Frank Lahijani, and Vee Sookiasian from V3h4noosh and Global CRE.
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93