Updated Oct 29, 2024
MCA Realty Acquires Industrial And Office Building In Los Angeles For $7.5M
14399 Princeton Avenue, Ventura, CA, USA
$7,500,000
$54/SF
Building Size
137,465 SF
Asset Type
Office
Closing
May 2, 2018
About this deal
AI
Two properties located at 14399 Princeton Ave and 14401 Abbot Kinney Blvd in Los Angeles have been sold in a recent transaction. The properties consist of an industrial building and an office building, with a total area of 137,465 square feet. The sale price for these properties was $7,500,000, resulting in a price per square foot of $54. The transaction took place in Ventura County.
Summary of transaction details
- Property Type: Industrial and Office Building
- Transaction Amount: $7,500,000
- Address: 14399 Princeton Ave and 14401 Abbot Kinney Blvd, Los Angeles
- Property Area: 137,465 square feet
- Price Per Square Foot: $54
- Market: Ventura County
MCA Realty, represented by Tyler Mattox, Jared Gordon, and Peter Cheng, acquired the properties from a private seller. The involvement of these individuals and their company adds a distinctive perspective to the transaction, showcasing their role as the buyer in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93