Los Angeles, CA – Matthews Real Estate Investment Services™, a commercial real estate investments and technology firm, completed a record-breaking industrial sale located at 135 East Stanley Street, Compton, CA. The $5M sale was the highest price per square foot for a warehouse property sold in Compton, at $242 per square foot. The transaction was brokered by Associate Austin Borges and Vice President and Senior Director Alexander Harrold.
The seller, looking to take advantage of the highly active real estate market, was able to sell the 20,000 square foot space for a record price per square foot and complete the deal in a 30-day due diligence period and 15-day close.
“Our client was very motivated to sell in the current market, as the industrial product type is currently extremely competitive and in demand,” Borges said. “We were able to source a qualified buyer through our existing relationships and achieve great price and sales terms for all parties involved.”
The buyer was able to expand their industrial footprint in the Los Angeles area while receiving a quick and seamless closing. They worked with Lift Real Estate Partners, a West Coast-based real estate investment firm.
“Matthews™ and Lift Partners have a great relationship which helped tremendously as we have mutually aligned interests,” Harrold said. “We were able to leverage our partnership to achieve a record-breaking price point for our seller and help the buyer further develop their investment portfolio.”
Matthews Real Estate Investment Services™, a commercial real estate investments and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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