P & P Rosecrans Acquires Industrial Property In Gardena For $5.85M

The industrial property located at 400 W. Rosecrans Avenue in Gardena was recently sold for $5,850,000. The transaction took place on March 3, 2021. The property spans a total of 24,698 square feet, resulting in a price per square foot of $236. The sale was facilitated by Partners Capital, who sold the property to P & P Rosecrans. The capitalization rate for the transaction was 4.8%.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,850,000
• Date: March 3, 2021
• Address: 400 W. Rosecrans Avenue, Gardena
• Market: Gardena
• Square Footage: 24,698
• Price per Square Foot: $236
• Capitalization Rate: 4.8%

The buyer, P & P Rosecrans, enlisted the services of Mark Schuessler from Newmark as their representative in the transaction. On the other side, T.C. Macker from WESTMAC Commercial Brokerage Company and Jennifer Moscoso acted as the seller's representatives. Together, they facilitated the successful sale of the industrial property.