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.
Whittier Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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