Jack Rimokh Acquires Industrial Property At 209 E 32nd St For $4.26M
209 East 32nd Street, Los Angeles, CA, USA
$4,265,500
$304/SF
Building Size
14,000 SF
Asset Type
Industrial
Closing
Jul 1, 2019
AI
Located at 209 E 32nd St, this industrial property was recently sold in a closed transaction on July 2, 2019. The property spans 14,000 square feet and was sold for a total price of $4,265,500, resulting in a price per square foot of $304.68. The buyer, Jack Rimokh, purchased the property from the seller, Family Always Matter, LLC. The deal was facilitated by brokers Ikem Chukumerije from WPE Partners and North American Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,265,500
- Address: 209 E 32nd St
- Buyer: Jack Rimokh
- Seller: Family Always Matter, LLC
- Brokers: Ikem Chukumerije - WPE Partners, North American Properties
Ikem Chukumerije, representing WPE Partners and North American Properties, played a crucial role in facilitating the sale of this industrial property. The transaction occurred on July 2, 2019, and involved the buyer, Jack Rimokh, and the seller, Family Always Matter, LLC. This successful deal highlights the expertise and negotiation skills of the brokers involved.
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
3.72%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93