Lynwood Parcel Sells to Industrial User at a Premium
The Klabin Company/CORFAC International finalized the sale of a 66,450-square-foot parcel of land at 2903 Lynwood Rd. in Lynwood. Matt Stringfellow, Courtney Bell and Tyler Rollema represented the private seller in the transaction valued at $10,157,000.
The buyer was Denver Pallets, Inc., a local leader in the storage, repair and distribution of wood pallets. It was represented by Bill and Martha Neri of Neri Real Estate Group.
The 1.53-acre site is centrally located in Lynwood, an emerging industrial market in the southern part of Los Angeles County. The property has convenient access to two major freeways: Interstate 105 and Interstate 710.
“This is a great outcome for the seller, which, after years of ownership, has sold the property to a user at a premium in what has become a challenging market,” said Stringfellow. “The new owner, like the previous tenant, will be using the site for pallet storage, repair and distribution.”
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).