Diaz Automotive Leases Industrial Space In Compton For $14.40/ft
321 East Johnson Street, Compton, CA 90221
Building Size
21,000 SF
Asset Type
Industrial
Closing
Dec 15, 2021
AI
An industrial property located at 321 E. Johnson Street in Compton has been leased. The property encompasses approximately 21,000 square feet and was leased by Diaz Automotive. The landlord of the property is Albert D. Mehrann. The lease was facilitated by Shanna Naim from Ensemble Investments.
Summary of transaction details:
- Property Type: Industrial
- Address: 321 E. Johnson Street, Compton
- Tenant: Diaz Automotive
- Landlord: Albert D. Mehrann
- Broker: Shanna Naim - Ensemble Investments
- Asking Rent: $14.40/ft.
- Square Footage: 21,000
The successful lease transaction signifies the collaboration between Diaz Automotive as the tenant and Albert D. Mehrann as the landlord. Shanna Naim, representing Ensemble Investments, played a crucial role in bringing the two parties together and facilitating the lease agreement.
Players
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