New Mountain Capital Acquires Industrial Property In Los Angeles For $51.3M
SOLD
$51,300,000
California
See Similar DealsIndustrial218 SF
SOLD
New Mountain Capital Acquires Industrial Property In Los Angeles For $51.3M
3700 East Olympic Boulevard, Los Angeles, California 90023, United States
See Similar DealsIndustrial218 SF
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$235,321
Total Square Footage:218 SF
Transaction Type:Sale
The industrial property located at 3700 East Olympic Blvd in Los Angeles has been sold. The property spans over 6.21 acres and is part of the industrial sector. The sale took place on January 17, 2023, with a transaction value of $51,300,000. The property offers a total area of 218,000 square feet, resulting in a price per square foot of $235.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $51,300,000
- Address: 3700 East Olympic Blvd, Los Angeles
- Market: Los Angeles
- Area: 6.21 acres
New Mountain Capital, represented by Steven Klinsky, acted as the buyer in the transaction. The seller of the property was Venator Americas LLC. Kidder Mathews served as the broker in the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,736,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$182,258.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$243,188.17
Annual Debt Service$2,918,258.06
Is there something missing? Send suggestions