Private Investor Purchases Industrial Property In City Of Industry From Focus Real Estate & Long Wharf Capital For $7M

The transaction involved the sale of an 18,700-square-foot industrial building located at 19449 Walnut Drive and 1165 Wright Way in the City of Industry. The sale price was set at $7 million, translating to a price per square foot of $374, at a 5.20% cap rate. The property is NNN-leased and includes four ground-level doors along with 37 parking spaces. It was sold by Focus Real Estate and Long Wharf Capital after undergoing value-add improvements and securing new long-term leases.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,000,000
• Sale Price per Square Foot: $374
• Square Footage: 18,700
• Address: 19449 Walnut Drive & 1165 Wright Way
• Market: City of Industry
• Seller: Focus Real Estate & Long Wharf Capital
• Brokers: Anthony Bergeman, Charles Johnson, Krishna Shegran, Michael Chase & Joseph Harmon - Daum Commercial Real Estate Services

This industrial building sale involved a private investor as the buyer. The brokers from Daum Commercial Real Estate Services played a crucial role in facilitating the sale, representing the interests of the sellers in the transaction, ensuring a smooth process for all parties involved.