Updated Nov 28, 2024
Partners Capital Sells Industrial Property In Compton To TA Realty For $24.75M
510 West Carob Street, Compton, California 90220, United States
$24,750,000
$442/SF
Building Size
55,882 SF
Asset Type
Industrial
Closing
Jul 13, 2022
About this deal
AI
The industrial property located at 510 W. Carob St. in Compton has been sold for a total of $24,750,000. The property spans a total area of 55,882 square feet, resulting in a price per square foot of $442.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $24,750,000
- Date: 07/14/2022
- Market: Compton
The buyer of the property is TA Realty, while the seller is Partners Capital, represented by Mark Blumenthal. Remy Moses, from Lee & Associates, served as the buyer's representative in the deal.
Partners Capital notes that this property marked their first industrial acquisition in 2016. Since then, they have worked with Mark Blumenthal, Remy Moses, and their respective teams on transactions totaling over $150MM. Partners Capital has since become a leading sub-institutional industrial investor, and Remy Moses has been recognized as a perennial Costar Power Broker.
On the Map
$24,750,000
$442/SF
Industrial
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Players
Compton 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93