Ally Commercial Real Estate Facilitates $11.25M Industrial Property Sale In Los Angeles
Maple Avenue and East 15th Street, Los Angeles, California 90021, United States
$11,250,000
$358/SF
Building Size
31,355 SF
Asset Type
Industrial
Closing
May 3, 2022
AI
An industrial property located at Maple Ave. & E. 15th St. in Los Angeles has been sold for $11,250,000. The property spans 31,355 square feet, resulting in a price per square foot of $358.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,250,000
- Address: Maple Ave. & E. 15th St., Los Angeles
- Market: Los Angeles
- Brokers: Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn - Ally Commercial Real Estate
- Square Footage: 31,355
- Price Per Square Foot: $358
The transaction was facilitated by Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn from Ally Commercial Real Estate. They represented the parties involved in the deal.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93