WPE Partners Acquires Industrial Property On S Victoria Ave In $2.99M Deal
$2,990,000
SOLD
$2,990,000
California
See Similar DealsIndustrial9,000 SF
Sold 03/22/2019
$2,990,000
SOLD
WPE Partners Acquires Industrial Property On S Victoria Ave In $2.99M Deal
6821 South Victoria Avenue, Los Angeles, CA 90043, USA
See Similar DealsIndustrial9,000 SF
Sold 03/22/2019
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$332
Total Square Footage:9,000 SF
Transaction Type:Sale
The property asset involved in the transaction is an industrial property located at 6821 S Victoria Ave. It sold for $2,990,000, encompassing a total square footage of 9,000, which equates to a price per square foot of $332.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,990,000
- Square Footage: 9,000
- Price per Square Foot: $332
- Buyer: WPE Partners
- Seller: Pierre Noble, Cedric Ballet
- Brokers: Ikem Chukumerije - WPE Partners
The key individuals involved in this transaction include the buyer, WPE Partners, and the sellers, Pierre Noble and Cedric Ballet. The brokerage representation for this deal was provided by Ikem Chukumerije from WPE Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$159,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,622.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,174.13
Annual Debt Service$170,089.51
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