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3333 S Grand AveLos Angeles...

Updated Sep 9, 2024

Simon Parsakar Acquires Industrial Property On South Grand Avenue In Los Angeles For $21M
SOLDIndustrial

Simon Parsakar Acquires Industrial Property On South Grand Avenue In Los Angeles For $21M

3333 S Grand AveLos Angeles, CA 90007, USA

$21,000,000

$205/SF

Building Size

102,150 SF

Asset Type

Industrial

Closing

Mar 31, 2023

About this deal

AI

The industrial property located at 3333 South Grand Avenue in Los Angeles has been sold in a transaction valued at $21,000,000. With a total area of 102,150 square feet, the property was sold at an approximate price per square foot of $206. The sale of this industrial asset took place on March 31, 2023, and involved the following parties:

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $21,000,000
  • Address: 3333 South Grand Avenue, Los Angeles
  • Market: Los Angeles

The buyer of the property was Simon Parsakar while the seller was the Breton Family. The transaction was facilitated by a team of brokers from two different agencies. Kevin Donner, Benjamin (Ben) Lushing, and Dillon Bergum from Newmark, and Jeff Chiate and Mike Adey from Cushman & Wakefield represented the parties involved in the deal.

Players

Kevin Donner

Newmark

Broker

$10.1B

vol

48 deals

Broker

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $205 per square foot on a published $21M for 102,150 square feet (2023).

Visit Benjamin (Ben) Lushing to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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