Hackman Capital Partners & Square Mile Capital Management Acquire Studio City Industrial Property For $1.85B
4024 Radford Ave, Studio City, CA, USA
$1,850,000,000
$1,850/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Nov 30, 2021
AI
The industrial property located at 4024 Radford Ave in Studio City has been sold.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,850,000,000
- Transaction Date: 11/30/2021
- Market: Studio City
- Acres: 55
The buyers of the property are Hackman Capital Partners and Square Mile Capital Management.
The sellers of the property are ViacomCBS - Naveen Chopra.
The property was sold for a price of $1,850,000,000. It has a total square footage of 1,000,000, resulting in a price per square foot of $1,850.
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
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93