MAG Capital Partners Acquires Industrial Property In Inglewood For $1.7M
SOLD
$1,675,000
California
See Similar DealsIndustrial4,201 SF
Sold 06/17/2022
SOLD
MAG Capital Partners Acquires Industrial Property In Inglewood For $1.7M
323 East Beach Avenue, Inglewood, California 90302, United States
See Similar DealsIndustrial4,201 SF
Sold 06/17/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$398
Total Square Footage:4,201 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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