North Palisade Partners Acquires Rancho Dominguez Industrial Property For $14M
18931 South Laurel Park Road, Compton, California 90220, United States
$14,000,000
Building Size
—
Asset Type
Industrial
Closing
Dec 13, 2022
AI
An industrial property located at 18931 S Laurel Park Road in Rancho Dominguez has been sold in a closed transaction. The property spans approximately 2 acres and has been purchased by North Palisade Partners for a total sale price of $14,000,000. The sale was facilitated by the brokerage firm Cushman & Wakefield, with Brandon Gill, Brandon Burns, and Joe Yoo representing the buyer and seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Address: 18931 S Laurel Park Road, Rancho Dominguez
- Market: Rancho Dominguez
- Acres: 2
Joe Mishurda, acting on behalf of North Palisade Partners, purchased the property. The seller was the Apprentice & Journeymen Training Trust Fund of the Southern California Plumbing & Piping Industry. The deal was successfully closed with the assistance of Cushman & Wakefield, with Brandon Gill, Brandon Burns, and Joe Yoo serving as the brokers.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93