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336 E D St, Wilmington, Ca ...

Bridge Logistics Properties Acquires Truck And Container Yard Near Port Of Los Angeles In Wilmington For $6.55M
SOLDIndustrial

Bridge Logistics Properties Acquires Truck And Container Yard Near Port Of Los Angeles In Wilmington For $6.55M

336 E D St, Wilmington, Ca 90744

$6,550,000

$172/SF

Building Size

38,038 SF

Asset Type

Industrial

Closing

Jul 11, 2023

AI

The Klabin Company has brokered the $6.55 million sale of a truck and container yard near the Port of Los Angeles in Wilmington. The property, located at 336 East D Street, is an industrial asset consisting of a warehouse/office building. It encompasses a total area of 38,038 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,550,000
  • Address: 336 East D Street
  • Market: Wilmington

Bridge Logistics Properties (BLP) acquired the property from the Lacy Family Trust. The deal was facilitated by Tyler Rollema and Matt Stringfellow from The Klabin Company/CORFAC International, acting as the brokers representing both the buyer and the seller. Additionally, the property is currently leased to Road One, a transportation company.

Players

Matthew Stringfellow

CORFAC International

Broker

$50.9M

vol

14 deals

Broker
BP
BLP - Bridge Logistics PropertiesBuyer

Los Angeles 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

2.42%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93