Lucky Taro Acquires Industrial Property In Los Angeles For $12.3M
949 South Meridian Avenue, Alhambra, California 91803, United States
$12,250,555
$376/SF
Building Size
32,555 SF
Asset Type
Industrial
Closing
Mar 31, 2022
AI
An industrial property located at 949 S. Meridian Ave. in Los Angeles has been sold for a price of $12,250,555. The property spans 32,555 square feet and has a price per square foot of $376. The transaction took place on April 1, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,250,555
The buyer of the property is Lucky Taro, while the seller is Ju Fat. The deal was facilitated by Joseph Harmon and Charles Johnson from DAUM Commercial Real Estate Services, as well as Tony Naples from Lee & Associates.
Players
Alhambra 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93