TA Realty Sells Fully Leased Rancho Dominguez Warehouse For $12.3M To Private Investor

The property asset involved in the transaction is located at 2911 East Harcourt Street in Compton, spanning 2.11 acres. The industrial asset, fully leased to Global Pearl Services USA, encompasses a total of 50,218 square feet. The sale price for this property was $12,300,000, translating to a price per square foot of $245.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,300,000
• Address: 2911 East Harcourt Street
• Market: Compton
• Asset Size: 50,218 square feet
• Price per Square Foot: $245
• Seller: James O. Buckingham & Michael R. Haggerty - TA Realty
• Brokers: Mark Shaffer, Anthony DeLorenzo, Grant Goldman & Eric Cox - CBRE

This transaction was facilitated by brokers Mark Shaffer, Anthony DeLorenzo, Grant Goldman, and Eric Cox from CBRE, who brought the deal to fruition amid softening industrial fundamentals and rising vacancy rates in the South Bay market.