Ferguson Family Revocable Trust Sells Industrial Property In Los Angeles For $6.55M
2093 West Washington Boulevard, Los Angeles, California 90015, United States
$6,550,000
$385/SF
Building Size
17,000 SF
Asset Type
Industrial
Closing
Jan 17, 2022
AI
The asset involved in this transaction is industrial property located at 2093 W. Washington Blvd. in Los Angeles. It was sold for $6,550,000, encompassing an area of 17,000 square feet, which equates to a price per square foot of $385.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,550,000
- Square Footage: 17,000
- Price Per Square Foot: $385
- Seller: Ferguson Family Revocable Trust
- Brokers: Anthony Behar, Brad Luster & David Lincoln - Major Properties
- Date of Sale: 01/18/2022
Key individuals involved in this transaction include Anthony Behar, Brad Luster, and David Lincoln, who represented the seller, Ferguson Family Revocable Trust, in the agreement. Their expertise in the real estate market facilitated the successful completion of the sale.
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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93