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321 East Johnson Street, Co...

Diaz Automotive Leases Industrial Space In Compton For $14.40/ft
LEASEDIndustrial

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

Shanna Naim

Skyview Real Estate Partners

Broker

$43.9M

vol

38 deals

Broker
Ensemble Real Estate
Ensemble Real EstateBrokerage
ENS Realty
ENS RealtyBrokerage

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