Swordfish Airway Property Acquires Industrial Property In Gardena For $3.9M
SOLD
California
See Similar DealsIndustrial15,000 SF
Sold 06/29/2020
SOLD
Swordfish Airway Property Acquires Industrial Property In Gardena For $3.9M
510 East Airline Way, Gardena, CA 90248, USA
See Similar DealsIndustrial15,000 SF
Sold 06/29/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$260
Total Square Footage:15,000 SF
Transaction Type:Sale
An industrial property located at 510 E Airline Way in Gardena has been sold. The property, spanning 15,000 square feet, was sold for a price of $3,900,000, resulting in a price per square foot of $260. The transaction took place on June 29, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 510 E Airline Way
- Market: Gardena
The buyer of the property is Swordfish Airway Property, while the seller is Partners Capital Inc., represented by Mark Blumenthal. The deal was facilitated by brokers Remy Moses and Andy Gage.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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