Ryan Adjnasian & Mark Blumenthal Acquire Washburn Industrial Complex In Downey Industrial Deal
9700-9742 Washburn Road
41,835 SF
Summary
Ryan Adjnasian and Mark Blumenthal, partners at Partners Capital, have acquired a value-add multi-tenant industrial property in Downey. The property, located at 9700-9742 Washburn Rd, consists of 21 units and encompasses a total of 41,835 square feet. The sale was facilitated by Remy Moses and Andy Gag from Lee & Associates, who represented both the buyer and seller. The Washburn Industrial Complex sold the property for a total price of $5,768,000, equating to a per square foot price of $137.87. The purchase price per unit was approximately $274,666.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,768,000
- Square footage: 41,835
- Units: 21
- Price per square foot: $137.87
- Buyer: Ryan Adjnasian & Mark Blumenthal - Partners Capital
- Seller: Washburn Industrial Complex
- Brokers: Remy Moses & Andy Gag - Lee & Associates
This acquisition represents a strategic move by Ryan Adjnasian and Mark Blumenthal to add value to this industrial property. The purchase of a multi-tenant property with 21 units presents significant potential for rental income and future growth opportunities. With their expertise and the assistance of Lee & Associates as their representative brokers, Ryan Adjnasian and Mark Blumenthal have successfully expanded their portfolio in the Downey market.
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