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JLL Secures $34.8M Acquisition Financing For Industrial Property In Compton, CA

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FINANCED
$34,800,000
Wyatt Strahan
Brooke Hinkel
Marc Schillinger

California

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Industrial125,400 SF
Financed 09/08/2022
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Property Image
FINANCED

JLL Secures $34.8M Acquisition Financing For Industrial Property In Compton, CA

17707 Santa Fe Avenue

See Similar Deals
Industrial125,400 SF
Financed 09/08/2022
Wyatt Strahan
Brooke Hinkel
Marc Schillinger
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$277
Total Square Footage:125,400 SF
Transaction Type:Loan

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.

Players

Marc Schillinger
JLL
Marc Schillinger
49 deals$2.2B volume
BROKER
Brooke Hinkel
JLL
Brooke Hinkel
9 deals$463.9M volume
BROKER
Wyatt Strahan
Newmark
Wyatt Strahan
6 deals$427.4M volume(714) 345-5595
BROKER

Details

FINANCED
IMAGE: Michael Danesh, Marc Schillinger, Wyatt Strahan & Brooke Hinkel DATE: 09/08/2022 ADDRESS: 17707 S Santa Fe Ave MARKET: Compton, CA ASSET TYPE: Industrial LANDLORD: Danesh Family BROKER: Marc Schillinger, Wyatt Strahan & Brooke Hinkel - JLL LOAN AMOUNT: $34,800,000 LOAN TYPE: Acquisition financing LOAN TERMS: 10 year term, 5 years IO, 4.55% fixed SALE PRICE: $50,900,000 SF: 132,000 ~ PPSF: $385.60

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,800,000.00

Monthly NOI$232,000.00
Monthly Debt Service$219,959.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00