Harbor Associates And Evergen Equity Acquire 126,015-Square-Foot Industrial Portfolio In Gardena For $55M
690 West 190th Street & 760 West 190th Street
$55,000,000
$218/SF
Building Size
252,030 SF
Asset Type
Industrial
Closing
Nov 27, 2023
AI
Harbor Associates and Evergen Equity have jointly acquired a 126,015-square-foot industrial portfolio in Gardena, Los Angeles, for a total of $55 million. The four adjacent properties at 690-760 West 190th Street are located in the Gardena/Harbor industrial submarket, offering strategic access to major truck routes and ports.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $55,000,000
- Address: 690-760 West 190th Street
- Market: Gardena
- Acreage: 7.5
- Buyer: Harbor Associates - Rich McEvoy; Evergen Equity - Troy Marcus
- Brokers: Barbara Perrier, Darla Longo & Eric Cox - CBRE
- Square Footage: 126,015
- Price per Square Foot: $436
The transaction involved key individuals and companies such as Rich McEvoy from Harbor Associates and Troy Marcus from Evergen Equity. The brokerage services for the deal were provided by Barbara Perrier, Darla Longo, and Eric Cox from CBRE.
Players
Gardena 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93