Nicky Tromba Purchases Industrial Asset From Vince Gallott For $3 Million In Los Angeles
2026 Bay Street & 2029 Sacramento Street
$3,000,000
$283/SF
Building Size
10,576 SF
Asset Type
Industrial
Closing
Mar 21, 2025
AI
The property asset involved in this transaction is located at 2026 Bay Street and 2029 Sacramento Street in Los Angeles. It is classified as an industrial asset, encompassing a total square footage of 5,288. The sale was finalized at a transaction amount of $3,000,000, resulting in a price per square foot of $567.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Square Footage: 5,288
- Price per Square Foot: $567
- Buyer: Nicky Tromba
- Seller: Vince Gallott
- Buyer's Representative: Jacob De La Hoya, Jake Zacuto & Andrew Sinasohn - Zacuto Group
- Seller's Representative: Lorena Tomb - Urbanlime Real Estate
This transaction involved notable individuals and firms in the real estate market. Jacob De La Hoya, Jake Zacuto, and Andrew Sinasohn represented the buyer, Nicky Tromba, while Lorena Tomb acted on behalf of the seller, Vince Gallott. The cooperation between these representatives facilitated the closing of the deal.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93