Updated Oct 28, 2024
MAG Capital Partners Acquires Industrial Property In Inglewood For $1.7M
323 East Beach Avenue, Inglewood, California 90302, United States
$1,675,000
$398/SF
Building Size
4,201 SF
Asset Type
Industrial
Closing
Jun 16, 2022
About this deal
AI
The industrial property located at 323 E. Beach Ave. in Inglewood has been sold in a recent transaction. The property spans a total of 4,201 square feet and was sold for a price of $1,675,000, resulting in a price per square foot of $398. The sale took place on June 17, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,675,000
- Address: 323 E. Beach Ave.
- Market: Inglewood
The buyer of the property was MAG Capital Partners, while the seller was Adam Amaral. Judd Dunning, representing DWG Capital Group, served as the buyer's representative, while Daniel Hirth and Elijah Suval, from The Hirth Group, acted as the seller's representatives in this deal.
On the Map
$1,675,000
$398/SF
Industrial
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Players
Inglewood 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93