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323 East Beach Avenue, Ingl...

MAG Capital Partners Acquires Industrial Property In Inglewood For $1.7M
SOLDIndustrial

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

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.

Players

Elijah Suval

Keller Williams Realty

Broker

$47.5M

vol

23 deals

Broker
MP
MAG Capital PartnersBuyer

Inglewood 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93