Updated Sep 9, 2024
JLL Secures $34.8M Acquisition Financing For Industrial Property In Compton, CA
17707 Santa Fe Avenue
$34,800,000
$277/SF
Building Size
125,400 SF
Asset Type
Industrial
Closing
Sep 8, 2022
About this deal
AI
The industrial property located at 17707 S Santa Fe Ave in Compton, CA has been involved in a closed transaction. The property was acquired for a sale price of $50,900,000. It spans across 132,000 square feet, resulting in a price per square foot of $385.60.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,900,000
- Loan Amount: $34,800,000
- Loan Type: Acquisition financing
- Loan Terms: 10 year term, 5 years IO, 4.55% fixed
- Address: 17707 S Santa Fe Ave, Compton, CA
- Market: Compton, CA
The landlord for this property is the Danesh Family. The brokers involved in the deal were Marc Schillinger, Wyatt Strahan, and Brooke Hinkel from JLL. They represented the buyer or seller in this transaction.
On the Map
$34,800,000
$277/SF
Industrial
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Players
Compton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93