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9401 De Soto Avenue

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

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

9401 De Soto Avenue

$41,500,000

$275/SF

Building Size

150,831 SF

Asset Type

Industrial

Closing

Jul 11, 2024

AI

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 Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker

Chatsworth 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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93