SOLDIndustrial
CBRE Brokers Kevin Foley, Mark Shaffer, And Mark Latimer Facilitate $14M Industrial Sale In West Los Angeles
West Los Angeles, Los Angeles, California, United States
$14,000,000
$538/SF
Building Size
26,000 SF
Asset Type
Industrial
Closing
Jun 27, 2022
AI
An industrial property located in West Los Angeles has been sold for $14,000,000. The property spans 26,000 square feet and has a price per square foot of $538.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Date: 06/28/2022
- Market: West Los Angeles
- Brokers: Kevin Foley, Mark Shaffer, and Mark Latimer - CBRE
- Square Feet: 26,000
- Price per Square Foot: $538
The deal was facilitated by brokers Kevin Foley, Mark Shaffer, and Mark Latimer of CBRE.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93