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
Compton Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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