Monday, July 24, 2017

Daum Commercial Directs Acquisition of 104,339-SF Industrial Building in Los Angeles County for National Reit

Michael Collins
RANCHO DOMINGUEZ, CA – DAUM Commercial Real Estate Services facilitated the acquisition of a 104,339 square-foot industrial building situated on 4.45 acres in the Rancho Dominguez submarket of Los Angeles County on behalf of national REIT Industrial Property Trust Inc. (IPT).

IPT has commenced a $2.5 million capital improvement campaign to modernize and optimize the building.

“This is an institutional buyer with a strong track record of success in the acquisition and operation of industrial properties,” says Michael Collins, Vice Chairman of DAUM Commercial, who represented IPT as the buyer in this transaction. 

“This property is exceptionally well-located, with direct access to the Ports of Los Angeles and Long Beach, making it well-positioned to meet the needs of industrial users throughout the South Bay region.”

Collins notes that the property offers strong fundamentals, including excellent dock-high loading, a large truck court, warehouse clearance up to 26 feet, a large fenced yard, a calculated sprinkler system throughout, and highly visible freeway frontage along I-710.

“In addition to its features, the property is situated in a submarket that currently boasts sub-two-percent industrial vacancy rates,” continues Collins.

IPT’s renovation plan includes adding additional dock high loading, a new roof, new exterior and interior paint, yard upgrades to accommodate more truck traffic, as well as interior improvements that will enhance the aesthetics and functionality of the existing warehouse and office space.

Adam Deierling, IPT’s Vice President – Western Region, explains, “This asset is well-aligned with our ongoing investment strategy, which is to acquire high quality, well-positioned distribution warehouses in infill markets. We recognized the opportunity to add value through a series of renovations that will allow us to improve its functionality and meet the demands of today’s industrial users.”

DAUM Commercial’s Michael Collins and Jordan Lara will serve as exclusive leasing agents for the property. Interested tenants may contact the team at (310) 538-6700.

Adam Deierling

The property is located within eight miles of the Ports of Los Angeles and Long Beach, and in close proximity to Los Angeles International Airport and Downtown Los Angeles.

The building, which was acquired for $12 million, is located at 18554 South Susana Road in Rancho Dominguez, California. The seller, an industrial owner-user, was represented by Robert Colacion of Gateway Business Properties.

For a complete copy of the company’s news release, please contact:

Elisabeth Manville
Junior Account Executive
Brower, Miller & Cole
895 Dove Street, Third Floor
Newport Beach, CA 92660
p: (949) 955-7940

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