Mok Singh Acquires Industrial Property In Los Angeles For $1.85M
SOLD
$1,850,000
+ 1
California
See Similar DealsIndustrial14,815 SF
Sold 08/06/2020
SOLD
Mok Singh Acquires Industrial Property In Los Angeles For $1.85M
957 East 108th Street, Los Angeles, CA 90059, USA
See Similar DealsIndustrial14,815 SF
Sold 08/06/2020
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:14,815 SF
Transaction Type:Sale
Located in Los Angeles, the industrial property at 957 E. 108th Street has recently been sold. The transaction took place on August 6, 2021. The property spans approximately 14,815 square feet, with a sale price of $1,850,000, resulting in a price per square foot of $124. This sale marks a significant transaction in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $1,850,000
- Square Footage: 14,815
- Price Per Square Foot: $124
Mok Singh was the buyer in this industrial property sale, while Helmut Korte served as the seller. The deal was facilitated by the brokers Benji Gribnau, Leor Binshtock, and Jake Zacuto. Their expertise and negotiation skills played a crucial role in closing this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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