Private Investor Acquires 1.8 Acre Industrial Warehouse In Compton For $16M With Buyer's Rep Anthony Bergeman And Seller's Rep Jeff Smart & Elizabeth Capati
1303 Walnut Park Way
$16,000,000
$367/SF
Building Size
43,540 SF
Asset Type
Industrial
Closing
Oct 13, 2023
AI
A 43,540-square-foot industrial warehouse located at 1303 West Walnut Parkway in Compton has been sold for $16,000,000. The property sits on 1.8 acres of land in the Compton market, just south of Los Angeles. The transaction was facilitated by DAUM Commercial Real Estate Services, with Anthony Bergeman representing the buyer and Jeff Smart & Elizabeth Capati representing the seller, Colliers.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Size: 43,540 square feet
- Price per Square Foot: $367
- Address: 1303 West Walnut Parkway
- Market: Compton
- Buyer's Representative: Anthony Bergeman - DAUM Commercial Real Estate Services
- Seller's Representatives: Jeff Smart & Elizabeth Capati - Colliers
The buyer, a private investor, plans to renovate the onsite office space as part of the acquisition.
Players
Compton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93