CBRE Brokers Kevin Foley, Mark Shaffer, And Mark Latimer Facilitate $14M Industrial Sale In West Los Angeles
SOLD
$14,000,000
California
See Similar DealsIndustrial26,000 SF
Sold 06/28/2022
SOLD
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
See Similar DealsIndustrial26,000 SF
Sold 06/28/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$538
Total Square Footage:26,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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