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Longpoint Realty Partners Acquires Industrial Property In Van Nuys For $52M

7054-7104 Gerald Avenue
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This Industrial property located in CA received a loan of $52,000,000 almost 2 years ago. The brokers of the deal were Peter Thompson and Greg Brown

A 84,000 square foot industrial property located at 7054-7104 Gerald Avenue in Van Nuys has recently been involved in a closed transaction. The property spans over 12.0 acres and is part of the Van Nuys market. The deal was brokered by Greg Brown and Peter Thompson from JLL Capital Markets, who represented the buyer and seller respectively. Longpoint Realty Partners acted as the landlord in this transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $52,000,000
  • Loan Terms: 3-year, floating-rate, non-recourse

The loan for this transaction amounted to $52,000,000 and had a term of three years. It was a non-recourse loan with a floating interest rate. The involvement of Greg Brown and Peter Thompson from JLL Capital Markets as brokers highlights their role in facilitating the deal. Longpoint Realty Partners served as the landlord in this transaction.

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Deals
  • Location
    7054 Gerald Avenue, Van Nuys, California 91406, United States7054 Gerald Avenue, Van Nuys, California 91406, United States
  • Loan Value
    $52,000,000$52,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Peter Thompson

Peter Thompson

Deals10
Financed$559.1M

Greg Brown

Greg Brown

Deals14
Financed$657.6M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

LOAN IMAGE: Greg Brown & Peter Thompson DATE: 05/06/2022 ADDRESS: 7054-7104 Gerald Avenue MARKET: Van Nuys ASSET TYPE: Industrial ~ SF: 84,000 ~ ACRES: 12.0 LANDLORD: Longpoint Realty Partners BROKERS: Greg Brown & Peter Thompson - JLL Capital Markets (@Jll) (@Jll_USA) LOAN AMOUNT: $52,000,000 LOAN TERMS: 3-year, floating-rate, non-recourse

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7054-7104 Gerald Avenue

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