Floyd Shaheen, Emily Shikhvarger, Dannie Cavanaugh Acquire Industrial Property In Hyde Park For $1.2M
SOLD
California
See Similar DealsIndustrial3,100 SF
Sold 06/13/2019
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 DealsIndustrial3,100 SF
Sold 06/13/2019
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.
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Deal Type
30 years
10 years
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
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