Updated Sep 9, 2024
Katherine Minh Acquires Industrial Property In Los Angeles For $2.1M
940 East 2nd Street, Los Angeles, CA 90012
$2,100,000
$818/SF
Building Size
2,566 SF
Asset Type
Industrial
Closing
Sep 16, 2021
About this deal
AI
Located at 940 E. 2nd St. in Los Angeles, this industrial property with a total area of 2,566 square feet was recently sold. The transaction took place on September 16, 2021, and the property was purchased for $2,100,000, resulting in a price per square foot of $818. The buyers, represented by Blas Fernandez and Joanna Ashkar from lasPropertyGroup, acquired the property from Antoinette Adams and Fredric Cohen.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 940 E. 2nd St.
- Market: Los Angeles
- Buyer: Katherine Minh
- Seller: Antoinette Adams & Fredric Cohen
- Buyer's Representative: Blas Fernandez & Joanna Ashkar from lasPropertyGroup
- Square Footage: 2,566
- Price Per Square Foot: $818
Blas Fernandez and Joanna Ashkar from lasPropertyGroup represented Katherine Minh, the buyer, in this transaction. This successful sale marks an important event in the local industrial real estate market.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93