Confidential JLL Client Acquires Industrial Property In Los Angeles For $45.99M

The industrial property located at 2121 East 25th Street in Los Angeles has been sold in a closed transaction. The property spans approximately 251,341 square feet and was sold for a price of $45,990,000, resulting in a price per square foot of $183. The seller of the property is Security Paving Company.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $45,990,000
• Address: 2121 East 25th Street, Los Angeles
• Market: Los Angeles

The buyer of the property is a confidential client represented by Nick Sablock and Paul Sablock from JLL. JLL serves as the broker for this transaction. The involvement of JLL emphasizes the significance of their expertise in facilitating real estate deals. This transaction demonstrates the strong performance of the industrial property market in Los Angeles.