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957 East 108th Street, Los ...

Mok Singh Acquires Industrial Property In Los Angeles For $1.85M
SOLDIndustrial

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

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.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Mok Singh

Buyer

$21.1M

vol

5 deals

Buyer

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