The industrial park is located at 13200 S. Western Ave. The purchase price for the site is $56.51 per square foot. And the capitalization rate on the deal is at 12.6%. The property had been built in 1961. After a fire damaged the structure it was partially rebuilt in 1999.Currently, 19 light-industrial and commercial tenants utilize the facility. The multi-tenant industrial park was 100% leased at the time of the deal, which finalized on March 4 of this year.
The affiliate of the Beverly Hills-based Bergman Industries Inc. was represented by Brian Anstey of REMAX Commercial Brokerage. The seller, Western Segundo Industrial Center LLP, was represented by Robert Emerson of the EMCO Group.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
