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2026 Bay Street

Nicky Tromba Purchases Industrial Asset From Vince Gallott For $3 Million In Los Angeles
SOLDIndustrial

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:

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

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

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