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690 West 190th Street

Harbor Associates And Evergen Equity Acquire 126,015-Square-Foot Industrial Portfolio In Gardena For $55M
SOLDIndustrial

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

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker

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