Updated Dec 5, 2024
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
About this deal
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.
On the Map
$38,000,000
$201/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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93