CHICAGO, IL – April 3, 2020 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the sale and leaseback of an industrial facility in Los Angeles County at a 5.4% cap rate.
The facility is occupied by California Amforge Corporation, a leading manufacturer of closed die, upset and rolled ring forgings for the aerospace and defense and oil and gas industries.
Chelsea Mandel of STREAM Capital Partners represented the seller in the transaction.
Mandel said of the transaction, “This is a challenging environment we’re in right now and we were able to generate a really positive outcome for both sides. Our client received proceeds that they can redeploy back into the business and fund additional growth, and the buyer acquired a great asset that fits their focus of acquiring industrial properties in Southern California.”
Please contact broker, Chelsea Mandel, for further details on this transaction.