Chris Sagryan Acquires Industrial Property In Inglewood For $1.18M
SOLD
$1,180,000
California
See Similar DealsIndustrial2,200 SF
Sold 03/23/2023
SOLD
Chris Sagryan Acquires Industrial Property In Inglewood For $1.18M
707 Vesta St Inglewood, CA 90302, USA
See Similar DealsIndustrial2,200 SF
Sold 03/23/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$536
Total Square Footage:2,200 SF
Transaction Type:Sale
An industrial property located at 707 Vesta Street in Inglewood has been sold in a recent transaction. The property spans a total of 2,200 square feet and was sold for a price of $1,180,000, which translates to approximately $536 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,180,000
- Square Footage: 2,200
- Market: Inglewood
The buyer of the industrial property is Chris Sagryan, while the seller is Richard Purdy. Representing the buyer in this deal is Daniel Hirth from The Hirth Group, and representing the seller is Elijah Suval from Keller Williams.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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