Updated Oct 29, 2024
South West Drive Acquires Industrial Property In South Los Angeles For $1.3M
2225 Southwest Drive, Los Angeles, CA 90043, USA
$1,300,000
$158/SF
Building Size
8,216 SF
Asset Type
Industrial
Closing
Mar 29, 2021
About this deal
AI
Located in South Los Angeles, the industrial property at 2225 Southwest Drive has recently been sold. The transaction took place on March 30, 2021, with a sale price of $1,300,000. The property spans across 8,216 square feet, translating to a price per square foot of $158. The buyer, South West Drive, acquired the asset from John Berger. Daniel Hirth from the Hirth Group and Elijah Suval facilitated the deal as the buyer's representatives.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 2225 Southwest Drive
- Market: South Los Angeles
Daniel Hirth from the Hirth Group and Elijah Suval played crucial roles in the transaction as the buyer's representatives. They assisted South West Drive in the acquisition of the industrial property from John Berger.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93