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
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