The City Of Los Angeles Acquires Industrial Property In Chatsworth From Jordan Property Group For $7.6M
SOLD
$7,600,000
California
See Similar DealsIndustrial25,374 SF
Sold 12/12/2024
SOLD
The City Of Los Angeles Acquires Industrial Property In Chatsworth From Jordan Property Group For $7.6M
9160 Jordan Avenue
See Similar DealsIndustrial25,374 SF
Sold 12/12/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$299
Total Square Footage:25,374 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial facility located at 9160 Jordan Avenue in Chatsworth. The sale price for the asset was $7,600,000, with a total square footage of 25,374, resulting in a price per square foot of $299.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Sale Date: 12/12/2024
- Buyer: The City of Los Angeles
- Seller: Jordan Property Group
- Brokers: Monica Luque & Ivan Estrada - Douglas Elliman
This transaction highlights the involvement of The City of Los Angeles as the buyer, with Jordan Property Group as the seller. The brokers representing the deal were Monica Luque and Ivan Estrada from Douglas Elliman, facilitating the negotiation and finalization of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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