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
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