Confidential JLL Client Acquires Industrial Property In Los Angeles For $45.99M
SOLD
$45,990,000
California
See Similar DealsIndustrial251,341 SF
Sold 04/13/2023
SOLD
Confidential JLL Client Acquires Industrial Property In Los Angeles For $45.99M
2121 East 25th Street
See Similar DealsIndustrial251,341 SF
Sold 04/13/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:251,341 SF
Transaction Type:Sale
The industrial property located at 2121 East 25th Street in Los Angeles has been sold in a closed transaction. The property spans approximately 251,341 square feet and was sold for a price of $45,990,000, resulting in a price per square foot of $183. The seller of the property is Security Paving Company.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,990,000
- Address: 2121 East 25th Street, Los Angeles
- Market: Los Angeles
The buyer of the property is a confidential client represented by Nick Sablock and Paul Sablock from JLL. JLL serves as the broker for this transaction. The involvement of JLL emphasizes the significance of their expertise in facilitating real estate deals. This transaction demonstrates the strong performance of the industrial property market in Los Angeles.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,452,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$163,392.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,016.06
Annual Debt Service$2,616,192.76
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