facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Industrial

/

Sale

/

3028 E 11th St, Los Angeles...

Maple DTLA LLC Purchases Property From Rosenthal Property Owners For $15.5 Million In Los Angeles
SOLDIndustrial

Maple DTLA LLC Purchases Property From Rosenthal Property Owners For $15.5 Million In Los Angeles

3028 E 11th St, Los Angeles, CA, 90023

$15,500,000

$150/SF

Building Size

102,859 SF

Asset Type

Industrial

Closing

Mar 7, 2018

AI

The property involved in this transaction is an industrial facility located at 3028 E 11th St, Los Angeles, CA, 90023. The facility encompasses 102,859 square feet and was sold for a total price of $15,500,000. The market in which this property is situated is Los Angeles.

Summary of transation details:

  • Property Type: Industrial Facility
  • Transaction Amount: $15,500,000.00
  • Buyer: Maple DTLA LLC
  • Seller: Rosenthal Property Owners
  • Buyer's Representative: Iqbal Hassan (The Quantum Associates)
  • Seller's Representative: Jon Reno (JLL)
  • Key Locations: 2736 E. 12th St., 3028 E. 11th St., 3101, 3109, 3115 E. 12th St.
  • Proximity: Close to interstates 5 and 10
  • Marketing Firm: Kidder Mathews

This transaction showcases the involvement of various real estate professionals, with Jon Reno representing the seller alongside his colleagues Robert Thornburg, Tom Holland, and Trevor Gale from Kidder Mathews. Iqbal Hassan of The Quantum Associates acted on behalf of the buyer, reflecting a coordinated effort in achieving a successful deal.

Players

Jon Reno

JLL

Broker

$164.1M

vol

6 deals

Broker

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93