Updated Oct 28, 2024
CenterPoint Properties Acquires Industrial Property In Gardena For $24M
301 East Alondra Boulevard, Gardena, California 90248, United States
$24,000,000
$262/SF
Building Size
91,342 SF
Asset Type
Industrial
Closing
Feb 10, 2022
About this deal
AI
The industrial property located at 301 E. Alondra Blvd. in Gardena has been sold. The transaction took place on February 11, 2022. The property, spanning 91,342 square feet, was sold at a price of $24,000,000, resulting in a price per square foot of $262.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Square Footage: 91,342
- Address: 301 E. Alondra Blvd.
- Market: Gardena
The buyer of the property was CenterPoint Properties. The sale was facilitated by brokers Matt Stringfellow, Courtney Bell, and Tyler Rollema from Klabin Co./CORFAC International.
Players
Gardena Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93