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Floyd Shaheen, Emily Shikhvarger, Dannie Cavanaugh Acquire Industrial Property In Hyde Park For $1.2M

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SOLD
$1,200,000

California

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Industrial3,100 SF
Sold 06/13/2019
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Property Image
SOLD

Floyd Shaheen, Emily Shikhvarger, Dannie Cavanaugh Acquire Industrial Property In Hyde Park For $1.2M

2919 Southwest Drive, Los Angeles, CA, USA

See Similar Deals
Industrial3,100 SF
Sold 06/13/2019
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$387
Total Square Footage:3,100 SF
Transaction Type:Sale

An industrial property located at 2915-2919 Southwest Dr in Hyde Park has been sold for $1,200,000. The property spans 3,100 square feet and is priced at $387.10 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,200,000
  • Square Feet: 3,100
  • Address: 2915-2919 Southwest Dr
  • Market: Hyde Park

The sale was facilitated by Floyd Shaheen, Emily Shikhvarger, and Dannie Cavanaugh from the Floyd Group CRE.

Players

Emily Shikhvarger
10 deals$21.7M volume
BROKER

Floyd Shaheen
Marcus & Millichap
29 deals$82M volume
BROKER

Dannie Cavanaugh
2 deals$1.2M volume
BROKER

Details

SOLD
IMAGE: Floyd Shaheen @labandwagon, Emily Shikhvarger @emilyshiky & Dannie Cavanaugh DATE: 06/13/2019 ADDRESS: 2915-2919 Southwest Dr MARKET: Hyde Park ASSET TYPE: Industrial PRICE: $1,200,000 SF: 3,100 PPSF: $387.10 BROKERS: Floyd Shaheen, Emily Shikhvarger, Dannie Cavanaugh @floydgroupcre

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35