Updated Dec 19, 2023
Floyd Shaheen, Emily Shikhvarger, Dannie Cavanaugh Acquire Industrial Property In Hyde Park For $1.2M
2919 Southwest Drive, Los Angeles, CA, USA
$1,200,000
$387/SF
Building Size
3,100 SF
Asset Type
Industrial
Closing
Jun 12, 2019
About this deal
AI
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.
The industrial sale at 2919 Southwest Drive, Los Angeles, CA, USA in Los Angeles, California sold for $1.2M in 2019. The building is 3,100 square feet, implying about 387 per square foot on the published price. Floyd Shaheen, Dannie Cavanaugh, Emily Shikhvarger, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the 2919 Southwest Drive, Los Angeles, CA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles industrial set by closing date to see what else sold near 2919 Southwest Drive, Los Angeles, CA, USA around 2019. Published consideration for 2919 Southwest Drive, Los Angeles, CA, USA is $1.2M, dated 2019. Cite this Floyd Shaheen, Emily Shikhvarger, Dannie Cavanaugh Acquire Industrial Property In Hyde Park For $1.2M sale when underwriting similar industrial product around Los Angeles, California.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93