David Zander Acquires West Los Angeles Industrial Property For $5.5M
2275 South Carmelina Avenue, Sawtelle, Los Angeles, CA, USA
$5,500,000
$735/SF
Building Size
7,480 SF
Asset Type
Industrial
Closing
May 12, 2021
AI
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.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93