Updated Dec 22, 2023
Mok Singh Acquires Industrial Property In Los Angeles For $1.85M
957 East 108th Street, Los Angeles, CA 90059, USA
$1,850,000
$124/SF
Building Size
14,815 SF
Asset Type
Industrial
Closing
Aug 6, 2020
About this deal
AI
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.
On the Map
$1,850,000
$124/SF
Industrial
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Players
Los Angeles 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93