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Public Storage Acquires Industrial Property In Compton For $5.25M

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SOLD
$5,250,000

California

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Industrial
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Property Image
SOLD

Public Storage Acquires Industrial Property In Compton For $5.25M

3010 North Alameda Street, Compton, California 90222, United States

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Industrial
Sold
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Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale

The industrial property located at 3010-3012 N Alameda St in Compton has been sold. This property spans over 2 acres and was sold for a total price of $5,250,000. The transaction took place on 03/09/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $5,250,000
  • Address: 3010-3012 N Alameda St
  • Market: Compton
  • Acres: 2

The buyer of the property is Public Storage and the seller is Jack Purcell. The deal was brokered by Roy Harel and Jonathan Lee from Nublock Partners.

Players

Roy Harel
19 deals$431.1M volume
BROKER

Jonathan Lee
8 deals$142.1M volume
BROKER

BUYER

Details

SOLD
IMAGE: Roy Harel & Jonathan Lee DATE: 03/09/2022 ADDRESS: 3010-3012 N Alameda St MARKET: Compton ASSET TYPE: Industrial ~ ACRES: 2 BUYER: Public Storage SELLER: Jack Purcell BROKERS: Roy Harel (@RoyHarel310) & Jonathan Lee (@SimpleeJonathan) - Nublock Partners (@Nublock_Partners) SALE PRICE: $5,250,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14