Center Capital Partners Acquires Industrial Property At 9401 De Soto Avenue For $41.5 Million
SOLD
$41,500,000
+ 1
California
See Similar DealsIndustrial150,831 SF
Sold 07/11/2024
SOLD
Center Capital Partners Acquires Industrial Property At 9401 De Soto Avenue For $41.5 Million
9401 De Soto Avenue
See Similar DealsIndustrial150,831 SF
Sold 07/11/2024
+ 1
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.
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Deal Type
30 years
10 years
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
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