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633 Aerick Street, Inglewoo...

Dan Ironi Acquires Office Building In Inglewood For $3.1M
SOLDOffice

Dan Ironi Acquires Office Building In Inglewood For $3.1M

633 Aerick Street, Inglewood, CA 90301, USA

$3,100,000

$310/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Aug 24, 2021

AI

The office property at 633 Aerick Street in Inglewood has been sold in a transaction that closed on August 24, 2021. The property, spanning 10,000 square feet, was sold for a price of $3,100,000, resulting in a price per square foot of $310.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,100,000
  • Address: 633 Aerick Street
  • Market: Inglewood

The buyer in this transaction was Dan Ironi, and the seller was Sara Soulati. The deal was facilitated by brokers Morgan McMullin, Dario Svidler, and Shaya Braverman.

Players

Morgan Mcmullin

Partners CRE

Broker

$84.3M

vol

17 deals

Broker
Compass
CompassBrokerage

Inglewood Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93