Longpoint Realty Partners Acquires Industrial Property In Van Nuys For $52M

A 84,000 square foot industrial property located at 7054-7104 Gerald Avenue in Van Nuys has recently been involved in a closed transaction. The property spans over 12.0 acres and is part of the Van Nuys market. The deal was brokered by Greg Brown and Peter Thompson from JLL Capital Markets, who represented the buyer and seller respectively. Longpoint Realty Partners acted as the landlord in this transaction.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $52,000,000
• Loan Terms: 3-year, floating-rate, non-recourse

The loan for this transaction amounted to $52,000,000 and had a term of three years. It was a non-recourse loan with a floating interest rate. The involvement of Greg Brown and Peter Thompson from JLL Capital Markets as brokers highlights their role in facilitating the deal. Longpoint Realty Partners served as the landlord in this transaction.