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8120 Painter Ave, Whittier,...

Roddy Radnia's Brighton Care Group Acquires Healthcare Asset In Los Angeles For $8M
SOLDOther

Roddy Radnia's Brighton Care Group Acquires Healthcare Asset In Los Angeles For $8M

8120 Painter Ave, Whittier, Los Angeles, CA, USA

$8,000,000

$192/SF

Building Size

41,658 SF

Asset Type

Other

Closing

Jun 2, 2020

AI

Located at 8120 Painter Ave. in Los Angeles, this healthcare property was recently sold in a closed transaction. The property spans an area of 41,658 square feet and was purchased for $8,000,000, resulting in a price per unit of $103,000. The buyer of this property was Roddy Radnia, representing Brighton Care Group, while KA-6 Associates acted as the seller. The transaction was facilitated by Brad Goodsell from Senior Living Investment Brokerage.

Summary of transaction details:

  • Property Type: Healthcare
  • Transaction Amount: $8,000,000
  • Address: 8120 Painter Ave., Los Angeles
  • Market: Los Angeles
  • Buyer: Roddy Radnia - Brighton Care Group
  • Seller: KA-6 Associates
  • Broker: Brad Goodsell - Senior Living Investment Brokerage

It is important to note that the building will undergo a complete renovation and revitalization of its current business operations.

Players

Brad Goodsell

Senior Living Investment Brokerage

Broker

$8M

vol

4 deals

Broker

Whittier Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93