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10329 Painter Avenue
SOLD

Sterling Investors LP Acquires Fully Leased Class A Warehouse In Santa Fe Springs For $11.25M

10329 Painter Avenue

Industrial
42,725 SF
clock iconSold 107 days ago
Chad Solomon
Makenna Peter
Mark Detmer
+ 3
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Summary

Sale
CALIFORNIA
Industrial
42,725 sqft

A fully leased 42,725 sq ft Class A warehouse located at 10329 Painter Avenue in Santa Fe Springs, California, has been sold for $11.25 million. The property, situated near the I-5 and I-605 Interchange, is highly sought after by institutional investors in the core industrial market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $11,250,000
  • Square Footage: 42,725 sq ft
  • Price per Square Foot: $263
  • Address: 10329 Painter Avenue, Santa Fe Springs
  • Market: Santa Fe Springs

JLL Capital Markets facilitated the transaction, representing Zurich Alternative Asset Management's affiliate as the seller and Sterling Investors LP as the buyer. The deal was arranged by brokers Cameron Driscoll, Chad Solomon, Luke McDaniel, Makenna Peter, and Mark Detmer from JLL. The strategic location of the property near major interchanges adds to its appeal.

Players

  • All

    6

  • Agents

    5

  • Agencies

    1

Chad Solomon's profile picture
Chad Solomon
JLL-image
Director
$201.6M Sold
Makenna Peter's profile picture
Makenna Peter
JLL-image
Analyst
$491.3M Sold
Mark Detmer's profile picture
Mark Detmer
JLL-image
Senior Managing Director
$849.4M Sold
Luke McDaniel's profile picture
Luke McDaniel
JLL-image
Managing Director
$78.1M Sold
Cameron Driscoll's profile picture
Cameron Driscoll
JLL-image
Managing Director
$70.8M Sold
JLL's profile picture
JLL
JLL

Details

Deal Summary
minus icon
SOLD
IMAGE: Cameron Driscoll, Chad Solomon, Luke McDaniel, Makenna Peter & Mark Detmer DATE: 01/18/2024 ADDRESS: 10329 Painter Avenue MARKET: Santa Fe Springs ASSET TYPE: Industrial BUYER: Sterling Investors LP SELLER: Zurich Alternative Asset Management BROKERS: Cameron Driscoll, Chad Solomon (@Chad.Solomon), Luke McDaniel, Makenna Peter & Mark Detmer (@MarkDDetmer) - JLL (@JLL) SALE PRICE: $11,250,000 SF: 42,725 ~ PPSF: $263 NOTE: JLL Capital Markets arranged the $11.25 million sale of a fully leased 42,725 sq ft Class A warehouse in Santa Fe Springs, California, representing Zurich Alternative Asset Management's affiliate as the seller and Sterling Investors LP as the buyer. Strategically positioned near the I-5 and I-605 Interchange, the property is in high demand among institutional investors in the core industrial market.

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Address10329 Painter Avenue

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