Longpoint Realty Partners Acquires Two Industrial Buildings In Commerce For $10.8M

2854 Supply Avenue & 6480 Corvette Street

This Industrial property located in CA was sold for $10,800,000 19 days ago. The broker of the deal was Alex Blecksmith

Boston-based real estate investment firm Longpoint Realty Partners, represented by Dwight Angelini of Longpoint Realty Partners, has acquired two industrial buildings totaling 45,879 square feet in Los Angeles County. The properties, located at 2854 Supply Avenue and 6480 Corvette Street in Commerce, CA, were purchased for a total of $10,800,000. This strategic acquisition allows Longpoint Realty Partners to expand its portfolio in Southern California's sought-after industrial market. The company plans to make improvements to the properties and lease them to local distributors, wholesalers, or e-commerce tenants.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $10,800,000
Square Footage: 45,879
Market: Commerce
Buyer: Longpoint Realty Partners
Seller: Not specified
Broker: Alex Blecksmith - Colliers
Date: 11/16/2023

Alex Blecksmith from Colliers represented Longpoint Realty Partners in the transaction, facilitating the successful acquisition of the properties.

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Location
2854 Supply Avenue
Sold Value
$10,800,000
$117 PPSF
Area
91,758 SF
Asset Type
Industrial
Parties
1 Broker, 1 Agency

Agent

Alex Blecksmith

Colliers International

Deals1

Sold$ 10,800,000

Agency

Colliers International

Agency

Deals1542

Volume$ 34,669,540,450

Social

Deal Summary

SALE IMAGE: Dwight Angelini & Alex Blecksmith DATE: 11/16/2023 ADDRESS: 2854 Supply Avenue & 6480 Corvette Street MARKET: Commerce ASSET TYPE: Industrial BUYER: Longpoint Realty Partners (@LongpointRealtyPartners) - Dwight Angelini BROKER: Alex Blecksmith (@AlexBlecksmith38) - Colliers (@ColliersInternational) SALE PRICE: $10,800,000 SF: 45,879 ~ PPSF: $235 NOTE: Boston-based real estate investment firm Longpoint has acquired two industrial buildings, 2854 Supply Avenue and 6480 Corvette Street, totaling 45,879 square feet in Los Angeles County. The strategically located properties in Commerce, CA, offer Longpoint the chance to grow its portfolio in Southern California's sought-after industrial market, with plans for improvements and leasing to local distributors, wholesalers, or e-commerce tenants.