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4561 Colorado BLVD, Los Ang...

Westbrook Partners Acquires Industrial Property In Los Angeles For $38M
SOLDIndustrial

Westbrook Partners Acquires Industrial Property In Los Angeles For $38M

4561 Colorado BLVD, Los Angeles, CA...

$38,000,000

$201/SF

Building Size

189,000 SF

Asset Type

Industrial

Closing

Jul 24, 2020

AI

The property at 4561 Colorado BLVD, Los Angeles, CA is an industrial asset that recently sold for $38,000,000.00. It spans an area of 189,000 square feet and is located in the Los Angeles market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $38,000,000.00
  • Address: 4561 Colorado BLVD, Los Angeles, CA
  • Square Footage: 189,000
  • Buyer: Westbrook Partners, Through its Entity, 91 CM Colorado Owners, LLC
  • Seller: Western Studio Services
  • Buyer's Representative: Matthew "Matt" Dierckman-Colliers International
  • Brokers: Matt Dierckman-Colliers International

Matthew "Matt" Dierckman from Colliers International represented the buyer in this transaction. The deal involved Westbrook Partners acquiring the property through its entity, 91 CM Colorado Owners, LLC, from the seller, Western Studio Services.

Players

Matt Dierckman

Colliers

Broker

$142.8M

vol

7 deals

Broker
Westbrook Partners
Westbrook PartnersBuyer
Westbrook Partners
Westbrook PartnersLender

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

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93