Staley Point Capital And Bain Capital Real Estate Acquire Industrial Asset In Commerce For $38.5M

The industrial property located at 2187 Garfield Avenue in Commerce was recently sold for a price of $38,500,000. The property spans 132,000 square feet, resulting in a price per square foot of $291. The sale was facilitated by the brokerage firm Kidder Mathews. The buyer in this transaction was Staley Point Capital, represented by Eric Staley and Bain Capital Real Estate. The seller was Alperson Property Management.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $38,500,000
• Market: Commerce
• Address: 2187 Garfield Avenue
• Square Footage: 132,000
• Price per Square Foot: $291

Staley Point Capital, along with Bain Capital Real Estate, acted as the buyer in this industrial property sale. On the other side of the deal, Alperson Property Management was the seller. Kidder Mathews served as the brokerage firm that facilitated the transaction.