Lucky Taro Acquires Industrial Property In Los Angeles For $12.3M
SOLD
$12,250,555
California
See Similar DealsIndustrial32,555 SF
Sold 04/01/2022
SOLD
Lucky Taro Acquires Industrial Property In Los Angeles For $12.3M
949 South Meridian Avenue, Alhambra, California 91803, United States
See Similar DealsIndustrial32,555 SF
Sold 04/01/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$376
Total Square Footage:32,555 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$653,362.92
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,523.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,073.88
Annual Debt Service$696,886.57
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