Ally Commercial Real Estate Facilitates $11.25M Industrial Property Sale In Los Angeles
SOLD
California
See Similar DealsIndustrial31,355 SF
Sold 05/04/2022
SOLD
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
See Similar DealsIndustrial31,355 SF
Sold 05/04/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$358
Total Square Footage:31,355 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,968.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,330.74
Annual Debt Service$639,968.87
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