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SOUTHERN CALIFORNIA NEWS
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Baldwin Park Property Portfolio Fetches $12.3 Mil

3/07/24

In Baldwin Park, an eight-building portfolio totaling 46.8k sf of space across 3.63 acres fetched $12.33 mil ($263/sf). The properties traded in five separate transactions:

5124 and 5130 Heintz St - totaling 17.6k sf on 41.6k sf of land sold for $3.64 mil

14914-14920 Arrow Hwy - comprised of four structures totaling 18.8k sf on 47.5k sf of land sold for $3.5 mil

5125 Elton St - a 10k sf multi-tenant industrial building on a 24.3k sf parcel sold for $2.33 mil

5117 Elton St 400 sf building on a 23.9k sf concrete lot sold for $1.52 mil

5116 Heintz St - a 20.7k sf gated lot sold for $1.35 mil

Marie Taylor with NAI Capital Commercial represented the seller in the transactions. According to Taylor, the process spanned approximately 13 months, during which time each property attracted multiple offers, including inquiries for the entire portfolio.





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