Updated Oct 29, 2024
Inglewood Lots LLC Acquires Inglewood Industrial Portfolio For $3.5M
601 North Inglewood Avenue, Inglewood, CA, USA
$3,500,000
$224/SF
Building Size
15,599 SF
Asset Type
Industrial
Closing
Oct 16, 2019
About this deal
AI
A portfolio of industrial properties in Inglewood has been sold in a recent transaction. The properties, located at 601 N Inglewood Avenue, 607 N Inglewood Avenue, and 800 W Hyde Park, were collectively purchased by Inglewood Lots LLC. The seller of the properties was Bryant's Inglewood Service Inc. The sale was facilitated by brokers Daniel Hirth and Elijah Suval of Hirth Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Size: 15,599 square feet
- Price per square foot: $224.37
- Market: Inglewood
The Inglewood portfolio sale consisted of three parcels and a tow business. The transaction was exclusively listed and opened escrow prior to hitting the open market. Additionally, the sellers arranged for financing, and the deal closed within a 45-day timeframe.
Players
Inglewood 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93