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.