Updated Sep 9, 2024
Jabbari Family Acquires Industrial Property In Los Angeles For $4.5M
725 East Gage Avenue, Los Angeles, California 90001, United States
$4,475,000
$174/SF
Building Size
25,600 SF
Asset Type
Industrial
Closing
Apr 14, 2022
About this deal
AI
An industrial property located at 725 E. Gage Ave. in Los Angeles has been sold for $4,475,000. The property spans 25,600 square feet, resulting in a price per square foot of $174. The transaction took place on April 15, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,475,000
The buyer of the property is the Jabbari Family, while Joseph Mazin acted as the seller. Arian Zerehi from BRC Advisors represented both parties as the broker in the deal.
On the Map
$4,475,000
$174/SF
Industrial
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Players
Los Angeles 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
3.54%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93