One of the oldest companies in California has sold an industrial property for a nine-figure sum and leased the building back, as red-hot demand for the real estate sector makes these transactions more popular.
Longtime Southern California Aerospace Firm Strikes Sale-Leaseback Deal for Industrial Facility
150-Year-old Ducommun Takes Advantage of Increasingly Popular Transaction Structure
![Aerospace and defense firm Ducommun sold its nearly 300,000-square-foot <bsp-property-link href="http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D271650" target="_blank" link-data="{"cms.site.owner":{"_ref":"00000164-904d-d794-ad6f-dcff6d680000","_type":"ae3387cc-b875-31b7-b82d-63fd8d758c20"},"cms.content.publishDate":1640128363302,"cms.content.publishUser":{"_ref":"0000017c-b7aa-db38-ad7d-f7fee6e20000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"cms.content.updateDate":1640128363302,"cms.content.updateUser":{"_ref":"0000017c-b7aa-db38-ad7d-f7fee6e20000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"link":{"target":"NEW","attributes":[],"url":"http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D271650","_id":"0000017d-df44-dce6-a3fd-df46be8f0000","_type":"ff658216-e70f-39d0-b660-bdfe57a5599a"},"linkText":"268 Gardena Blvd.","deepLinkId":"271650","disableRelation":false,"_id":"0000017d-df44-d684-a57d-ff7ca5750000","_type":"a02711fd-84cb-3e05-af9a-9cc94da9728a"}" data-deep-link-type="property" data-deep-link-id="271650" data-disable-relation="false">268 Gardena Blvd.</bsp-property-link> for $143 million, or about $476 per square foot, in a sale-leaseback deal. (CoStar)](https://costar.brightspotcdn.com/dims4/default/dae55f9/2147483647/strip/true/crop/2100x1400+0+0/resize/2100x1400!/quality/100/?url=http%3A%2F%2Fcostar-brightspot.s3.us-east-1.amazonaws.com%2F3c%2F30%2Fc74c586b473c8da7c453e52a37e7%2Fbuildingphoto-18.jpg)
CoStar News
December 22, 2021 | 1:14 AM
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IN THIS ARTICLE
- Properties
- Companies
- Ducommun
Manufacturing