The Location
2840 E Harcourt Ave sits in Compton's Rancho Dominguez industrial corridor, one of the South Bay's established warehouse submarkets.
The Setup
The building is a 41,949 SF, single-story reinforced concrete warehouse on a 68,987 SF lot.
8 exterior dock doors, 1 drive-in, 24-foot clear height.
800A/277-480V three-phase heavy power.
What an Operator Sees
$214.55 a foot is the number I keep coming back to, and it bought zero income.
The building was 100% vacant at close, so there is no cap rate here, only a lease-up clock.
At the $15.16/SF subject-market rent.
A 20-plus-year family-trust hold went to a national fund with $2.8B of acquisitions behind it.
This is giving me more conviction that Industrial is bottoming.
I research these transactions to sharpen my own investment strategy and share what I find so Los Angeles owners, brokers and investors can debate the market with better information.
Know one other LA owner who'd want this deal? Forward this — reply with their email and I'll add them.
Property and transaction data: CoStar Research.