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3019 East Maria Street, Com...

LEASEDIndustrial

Pinpoint Logistics Acquires 50,058 SF Industrial Facility In Rancho Dominguez

3019 East Maria Street, Compton, CA 90221

Building Size

Asset Type

Industrial

Closing

Aug 1, 2020

AI

The 50,058 square feet industrial property located at 3019 E. Maria St. in Rancho Dominguez has been leased. The lease transaction took place on 08/01/2021. The property, which is part of the South Bay Industrial Market, features a minimum ceiling height of 22 ft and 5 dock high loading docks.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 08/01/2021
  • Address: 3019 E. Maria St.
  • Market: Rancho Dominguez
  • Tenant: Jeanne Hamilton
  • Landlord: Jeffrey Raiger
  • Brokers: Jake Zacuto, Benji Gribnau, and Leor Binshtock
  • Asking Rent: $0.98/ft.
  • Square Footage: 50,058

Zacuto Group's Industrial Logistics Team, consisting of Jake Zacuto, Benji Gribnau, and Leor Binshtock, represented Pinpoint Logistics in the lease acquisition. They led a regional search on behalf of the tenant, outbidding multiple offers to secure a successful result for them. The South Bay Industrial Market continues to be one of the strongest markets in the country for quality logistics buildings.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Compton Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93