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Patrick Fisher & Michael Murray Of Lift Partners Acquire Industrial Site At 4500 York Boulevard For $14.5M
SOLD
$14,500,000
California
See Similar DealsIndustrial161,394 SF
Sold 06/08/2026
SOLD
Patrick Fisher & Michael Murray Of Lift Partners Acquire Industrial Site At 4500 York Boulevard For $14.5M
4500 York Boulevard
See Similar DealsIndustrial161,394 SF
Sold 06/08/2026
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$89
Total Square Footage:161,394 SF
Transaction Type:Sale
Lift Partners acquired 4500 York Boulevard, a 161,394-square-foot industrial outdoor storage site in Los Angeles, for $14.5 million. The property, which spans 3.71 acres, will be delivered vacant and is situated in a market experiencing institutional demand and low vacancy rates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,500,000
- Address: 4500 York Boulevard
- Market: Los Angeles, CA
- Square Footage: 161,394
- Price Per Square Foot: $90
- Buyer: Patrick Fisher & Michael Murray - Lift Partners
- Broker: Michael Bogle - CBRE
The deal is part of Lift Partners' Fund IV and expands their West Coast IOS strategy. The acquisition targets a segment of the market with strong landlord positioning amidst a recovering industrial sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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