THE KLABIN COMPANY FINALIZES MORE THAN $10.1 MILLIION LAND SALE IN LYNWOOD

Denver Pallets, Inc. acquires 66,450-square-foot parcel for storage, repair and distribution of wood pallets. 

(August 28, 2023 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it finalized the sale of a 66,450-square-foot parcel of land at 2903 Lynwood Road in Lynwood, Calif.

The Klabin Company’s Matt Stringfellow, SIOR, Courtney Bell and Tyler Rollema, SIOR, 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 at 2903 Lynwood Road 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.”

About The Klabin Company/CORFAC International

Now in its seventh decade of operation, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. Built on the principles of an open and enduring culture, the company has maintained its independence as a privately-owned business since 1961. The Klabin Company emphasizes how the sharing of information, experience and relationships among all colleagues works to everyone’s advantage. The firm is dedicated to the needs of its clients, and through this commitment, it has remained successful for years. The Klabin Company is affiliated with CORFAC International. For more information go to www.Klabin.com.  

About CORFAC International

CORFAC International is a global network comprising private held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Contact Jonathan Salk, CORFAC Executive Director, at (224) 257-4400 or jonathan@corfac.com or visit www.corfac.com.

The Klabin Company represents private seller in the sale of a 66,450 SF parcel in Lynwood valued at $10,157,000.