David Zander Acquires West Los Angeles Industrial Property For $5.5M
SOLD
$5,500,000
+ 1
California
See Similar DealsIndustrial7,480 SF
Sold 05/13/2021
SOLD
David Zander Acquires West Los Angeles Industrial Property For $5.5M
2275 South Carmelina Avenue, Sawtelle, Los Angeles, CA, USA
See Similar DealsIndustrial7,480 SF
Sold 05/13/2021
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$735
Total Square Footage:7,480 SF
Transaction Type:Sale
The industrial property located at 2275 S. Carmelina Avenue & 2325 Centinela Avenue in West Los Angeles has been sold. The property spans a total of 7,480 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $735. The transaction took place on 05/13/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 2275 S. Carmelina Avenue & 2325 Centinela Avenue, West Los Angeles
- Market: West Los Angeles
The buyer of the property is David Zander, while the sellers are Esa & Timo Yla-Soininmaki. The deal was facilitated by brokers Brad McCoy from Bradford McCoy, David Wilson from CreativeOffice365, and Weston Dunlap from Weston Dunlap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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