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2903 Lynwood Rd Lynwood, CA...

Denver Pallets, Inc Acquires 1.53-Acre Lynwood Land Parcel For $10.2M
SOLDLand

Denver Pallets, Inc Acquires 1.53-Acre Lynwood Land Parcel For $10.2M

2903 Lynwood Rd Lynwood, CA 90262, USA

$10,157,000

$152/SF

Building Size

66,450 SF

Asset Type

Land

Closing

Aug 25, 2023

AI

The Klabin Company/CORFAC International has sold a 1.53-acre land parcel in Lynwood for $10,157,000. The site, located at 2903 Lynwood Road, offers convenient access to major freeways. With a total square footage of 66,450, the land will be utilized by Denver Pallets, Inc for wood pallet storage and distribution.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $10,157,000
  • Address: 2903 Lynwood Road
  • Market: Lynwood
  • Area: 1.53 acres

The sale of the Lynwood land parcel was facilitated by The Klabin Company/CORFAC International. The buyer, Denver Pallets, Inc, was represented by Bill and Martha Neri from Neri Real Estate Group. On the seller's side, Matt Stringfellow, Courtney Bell, and Tyler Rollema, from The Klabin Company/CORFAC International, acted as the seller's representatives in the transaction.

Players

Matthew Stringfellow

CORFAC International

Broker

$50.9M

vol

14 deals

Broker

Lynwood Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.56%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93