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7/16/14
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A 149.7k sf industrial property in the city of Compton traded hands in a recent investment deal. The property, located at 250 W. Apra St, was sold by Prudential Real Estate Investors.
The concrete tilt-up industrial building was built in 1979 and underwent an upgrade in 2000 that included new dock doors, offices, and a modernized facade. The property is located in a prime area of the South Region marketplace and situated within the Dominguez Hills Industrial Park, which is just off the 91 Fwy at the intersection of Apra and Victoria streets, between Los Angeles and Long Beach.
Warren Noack, Kimberly Noack and Travis Noack of NAI Capital’s South Bay office represented the buyer in the deal. The seller was repped by Cushman & Wakefield. The price was not disclosed.
According to NAI Capital, the transaction involved a complicated lot line adjustment process that was already underway by the seller. The lot line adjustment was initiated to enhance the land configuration of the subject property as well as improve the loading areas of the seller’s surrounding properties.
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