Travis Land Acquires Industrial Property In South Los Angeles For $2.02M

An industrial property located at 1720 W Slauson Avenue in South Los Angeles has been sold for $2,020,000. The property spans 10,319 square feet, resulting in a price per square foot of $195.76. The transaction involved two units.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,020,000
• Date: 03/19/2020
• Address: 1720 W Slauson Avenue
• Market: South Los Angeles
• Square Footage: 10,319
• Price per Square Foot: $195.76
• Units: 2

The buyer of the property is Travis Land, while the seller is Frank Bang. The deal was facilitated by brokers Daniel Hirth and Elijah Suval from HirthGroup. Noteworthy details about the transaction include the procurement of an ideal 1031 Exchange buyer, as well as the fact that it was an all-cash deal. The closing took place after the COVID-19 outbreak. Additionally, the property generates additional income from a cell tower.