Updated Dec 4, 2024
Fortress Investment Group Sells Industrial Asset In Los Angeles For $37.9M
$37,900,000
$514/SF
Building Size
73,622 SF
Asset Type
Industrial
Closing
Mar 14, 2024
About this deal
AI
The industrial property located in Los Angeles was sold by Fortress Investment Group for $37,900,000. The asset spans 73,622 square feet, resulting in a price per square foot of $515.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $37,900,000
- Market: Los Angeles
- Seller: Fortress Investment Group
- Buyer's Representative: Chase Hansen & Tim Vaughan - CBRE
- Seller's Representative: David Fults & Brian McLoughlin - Voit Real Estate Services
The deal was facilitated by the buyer's representatives, Chase Hansen and Tim Vaughan from CBRE, and the seller's representatives, David Fults and Brian McLoughlin from Voit Real Estate Services.
Players
Market 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93