Abraham Davood Acquires Industrial Property In Downtown For $7.4M
SOLD
$7,400,000
California
See Similar DealsIndustrial74,400 SF
Sold 07/30/2021
SOLD
Abraham Davood Acquires Industrial Property In Downtown For $7.4M
901 East 31st Street, Los Angeles, CA, USA
See Similar DealsIndustrial74,400 SF
Sold 07/30/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:74,400 SF
Transaction Type:Sale
Located in Downtown, the industrial property at 901 East 31st Street was recently sold in a closed transaction. The sale took place on July 30, 2021, with a sale price of $7,400,000. Spanning across 74,400 square feet, the property was sold at a rate of $99 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 901 East 31st Street
- Market: Downtown
The buyer of this industrial property was Abraham Davood, while the seller was Anny Choi. Secured Properties, represented by Jay Chu and Ryan Yatman, acted as the brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30
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