SOLDIndustrial
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
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.
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