Updated Oct 28, 2024
OT Hight Acquires Industrial Property In West Los Angeles For $6.2M
2275 South Carmelina Avenue, Los Angeles, CA, USA
$6,208,400
$830/SF
Building Size
7,480 SF
Asset Type
Industrial
Closing
Jul 20, 2020
About this deal
AI
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.
On the Map
$6,208,400
$830/SF
Industrial
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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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93