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301 East Alondra Boulevard,...

CenterPoint Properties Acquires Industrial Property In Gardena For $24M
SOLDIndustrial

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

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

Matthew Stringfellow

CORFAC International

Broker

$50.9M

vol

14 deals

Broker
CenterPoint Properties
CenterPoint PropertiesBuyer

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