Dan Ironi Acquires Office Building In Inglewood For $3.1M
SOLD
$3,100,000
California
See Similar DealsOffice10,000 SF
Sold 08/24/2021
SOLD
Dan Ironi Acquires Office Building In Inglewood For $3.1M
633 Aerick Street, Inglewood, CA 90301, USA
See Similar DealsOffice10,000 SF
Sold 08/24/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$310
Total Square Footage:10,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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