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

Property Image
SOLD
$8,000,000

California

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Other41,658 SF
Sold 06/02/2020
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Property Image
SOLD

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

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

See Similar Deals
Other41,658 SF
Sold 06/02/2020
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Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$192
Total Square Footage:41,658 SF
Transaction Type:Sale

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
4 deals$8M volume
BROKER

Details

SOLD
IMAGE: Roddy Radnia & Brad Goodsell DATE: 06/02/2021 ADDRESS: 8120 Painter Ave. MARKET: Los Angeles ASSET TYPE: Healthcare BUYER: Roddy Radnia @RoddyRad - Brighton Care Group SELLER: KA-6 Associates BROKER: Brad Goodsell - Senior Living Investment Brokerage SALE PRICE: $8,000,000 SF: 41,658 ~ PPU: $103,000 NOTE: Building to undergo complete renovation and revitalization of current business operations

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$28,422.30
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