Longpoint Realty Partners Acquires Two Industrial Buildings In Commerce For $10.8M
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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2854 Supply Avenue & 6480 Corvette Street