Updated Oct 29, 2024
New Mountain Capital Acquires Industrial Property In Los Angeles For $51.3M
3700 East Olympic Boulevard, Los Angeles, California 90023, United States
$51,300,000
$235,321/SF
Building Size
218 SF
Asset Type
Industrial
Closing
Apr 17, 2023
About this deal
AI
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.
On the Map
$51,300,000
$235,321/SF
Industrial
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Players
Los Angeles 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93