Updated Dec 21, 2023
Phillip Westbrooks Acquires Industrial Property In Los Angeles For $2.8M
959 East 31st Street, Los Angeles, CA 90011, USA
$2,800,000
$250/SF
Building Size
11,200 SF
Asset Type
Industrial
Closing
Nov 12, 2021
About this deal
AI
Located in Los Angeles, the industrial property at 959 E. 31st St. has been sold in a recent transaction. The property spans 11,200 square feet and was sold for a price of $2,800,000, resulting in a price per square foot of $250. This sale represents a closed transaction in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Address: 959 E. 31st St.
- Market: Los Angeles
The buyer in this transaction was Phillip Westbrooks, while the seller was Jack Boyadjian and Leslie Plettner. The deal was brokered by Jay Martinez and Carinna Ho, representing Hudson Partners. These individuals played a crucial role in facilitating the successful transaction of the industrial property located at 959 E. 31st St. in Los Angeles.
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jay Martinez to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93