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209 East 32nd Street, Los A...

Jack Rimokh Acquires Industrial Property At 209 E 32nd St For $4.26M
SOLDIndustrial

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

Ikem Chukumerije

Broker

$24.5M

vol

4 deals

Broker

Jack Rimokh

Buyer

$47.2M

vol

2 deals

Buyer

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