Bridge Logistics Properties Acquires Industrial Facility In Compton For $15.8M

The strategic acquisition of an infill, last mile logistics facility located at 1215 W. Walnut St, Compton, CA has been completed by Bridge Logistics Properties (BLP). The 57,671-square-foot, rear-load warehouse is fully leased through June 2025 and features 24' clear height, 8 dock high positions, a secured truck court, 83 parking spaces, and ample auto parking. It is conveniently located adjacent to the 91 Freeway in Compton, with connectivity to the Ports of Los Angeles and Long Beach, LAX, and Downtown LA.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $15,860,000
• Square Footage: 57,671 SF
• Price per Square Foot: $275
• Address: 1215 West Walnut Street, Compton
• Market: Compton

Paul Jones, Managing Director of BLP, expressed satisfaction with the acquisition, stating that the asset was acquired at a significant discount to replacement cost, taking advantage of the current disruption in the capital markets. Rob Flores and Brian Held from CBRE represented Paul Jones and BLP as the buyer's representatives in this deal. The acquisition aligns with BLP's investment strategy to acquire high-quality assets in Global Gateway markets across the country.

For more information about Bridge Logistics Properties, please visit their website: www.bridgeblp.com.