OT Hight Acquires Industrial Property In West Los Angeles For $6.2M
SOLD
$6,208,400
California
See Similar DealsIndustrial7,480 SF
Sold 07/20/2020
SOLD
OT Hight Acquires Industrial Property In West Los Angeles For $6.2M
2275 South Carmelina Avenue, Los Angeles, CA, USA
See Similar DealsIndustrial7,480 SF
Sold 07/20/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$830
Total Square Footage:7,480 SF
Transaction Type:Sale
An industrial property located at 2275 S. Carmelina and 2326 S. Centinela in West Los Angeles was recently sold for a total price of $6,208,400. The property spans 7,480 square feet, resulting in a price per square foot of $830. The sale took place on July 20, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,208,400
- Address: 2275 S. Carmelina & 2326 S. Centinela, West Los Angeles
- Market: West Los Angeles
The buyer of this industrial property was OT Hight, represented by Larry Field. The seller in this transaction was David Zander. George Wilson, Brad McCoy, and David Wilson from Lee & Associates West LA Inc acted as the representatives for both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$331,114.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,057.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,430.98
Annual Debt Service$353,171.80
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