NewFront Properties Acquires Industrial Assets In Gardena From Metropolitan Investments For $9.19M

The property assets involved in the transaction are located at 16334 South Avalon Boulevard, 16412 South Avalon Boulevard, 16414 Ishida Avenue, 715 East Gardena Boulevard, and 717 East Gardena Boulevard in the Gardena market. The sale was completed for a transaction price of $9,187,800, encompassing a total square footage of 44,566 and translating to a price per square foot of $206. The asset type is categorized as industrial.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,187,800
• Square Footage: 44,566
• Price per Square Foot: $206
• Buyer: NewFront Properties
• Seller: Metropolitan Investments
• Brokers: Ryan Rembert & Mason Rowland - KW Commercial

Ryan Rembert and Mason Rowland represented KW Commercial in this transaction, facilitating the deal between NewFront Properties as the buyer and Metropolitan Investments as the seller. Their involvement was crucial in navigating the terms of the sale within the industrial property market of Gardena.