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Center Capital Partners Acquires Industrial Property At 9401 De Soto Avenue For $41.5 Million

Property Image
SOLD
$41,500,000
Barbara (Emmons) Perrier
Mark Esses
+ 1

California

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Industrial150,831 SF
Sold 07/11/2024
the dealplayerscompscontact
Property Image
SOLD

Center Capital Partners Acquires Industrial Property At 9401 De Soto Avenue For $41.5 Million

9401 De Soto Avenue

See Similar Deals
Industrial150,831 SF
Sold 07/11/2024
Barbara (Emmons) Perrier
Mark Esses
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$275
Total Square Footage:150,831 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 9401 De Soto Avenue in the Los Angeles market. The sale price was $41,500,000 for a total square footage of 150,831. The price per square foot (PPSF) is $275.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $41,500,000
  • Address: 9401 De Soto Avenue
  • Market: Los Angeles
  • Square Footage: 150,831
  • Price per Square Foot: $275
  • Buyer: Center Capital Partners
  • Seller: NBP 9401 De Soto
  • Buyer's Representative: Michael Longo & Barbara (Emmons) Perrier - CBRE
  • Seller's Representative: Mark Esses & Keith Kleinman - California Realty Group

This transaction involved multiple key individuals and their respective firms. The buyer was represented by Michael Longo and Barbara (Emmons) Perrier from CBRE, while the seller was represented by Mark Esses and Keith Kleinman from California Realty Group.

Players

Michael (Mike) Longo
31 deals$1.8B volume(310) 363-4906
BROKER

Barbara (Emmons) Perrier
CBRE
36 deals$1.8B volume(818) 481-2374
BROKER

Mark Esses
California Realty Group
2 deals$41.5M volume(310) 449-1989
BROKER

Keith Kleinman
California Realty Group
1 deal$41.5M volume(310) 449-1989
BROKER

Details

SOLD
IMAGE: Mark Esses, Keith Kleinman, Michael Longo & Barbara (Emmons) Perrier DATE: 07/11/2024 ADDRESS: 9401 De Soto Avenue MARKET: Los Angeles ASSET TYPE: Industrial BUYER: Center Capital Partners SELLER: NBP 9401 De Soto BUYER'S REP: Michael Longo & Barbara (Emmons) Perrier (@BarbPerrier) - CBRE (@CBRE) SELLER'S REP: Mark Esses & Keith Kleinman - California Realty Group SALE PRICE: $41,500,000 SF: 150,831 ~ PPSF: $275

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,213,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$147,440.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$196,731.17
Annual Debt Service$2,360,774.07