Updated Oct 28, 2024
Ecoline Industrial Supply Acquires Industrial Property In West SFV For $2.6M
21314 Sherman Way, Canoga Park, CA, USA
$2,600,000
$257/SF
Building Size
10,100 SF
Asset Type
Industrial
Closing
Jun 15, 2021
About this deal
AI
An industrial property located at 21314-21316 Sherman Way in West SFV was recently sold. The property, comprising 10,100 square feet, was sold for a price of $2,600,000. The buyer, Ecoline Industrial Supply Inc., purchased the property from the seller, The Smee Survivor Trust UTA. The transaction was facilitated by brokers Ryan Serling and Martin Agnew, representing the respective parties involved.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,600,000
- Square Footage: 10,100
- Address: 21314-21316 Sherman Way, West SFV
- Market: West SFV
Ryan Serling and Martin Agnew served as the brokers for the buyer and seller, facilitating the transaction. The property was listed at an asking price of $2,650,000 before being sold for $2,600,000, resulting in a price per square foot of $257.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93