Westbrook Partners Acquires Industrial Property In Los Angeles For $38M
SOLD
$38,000,000
California
See Similar DealsIndustrial189,000 SF
Sold 07/24/2020
SOLD
Westbrook Partners Acquires Industrial Property In Los Angeles For $38M
4561 Colorado BLVD, Los Angeles, CA...
See Similar DealsIndustrial189,000 SF
Sold 07/24/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$201
Total Square Footage:189,000 SF
Transaction Type:Sale
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
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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