Daum Directs Acquisition of Rare Available 93,818-SF Industrial Building in Los Angeles County Submarket

Rudy Lara

CITY OF INDUSTRY, CA – DAUM Commercial Real Estate Services has directed the acquisition of a 93,818 square-foot industrial building on a 6.18-acre site in the Los Angeles County submarket of the City of Industry, California.

DAUM’s LARA Team, led by Executive Vice President Rudy Lara, based out of the firm’s Inland Empire office, and First Vice President Nathan Lara, of the San Gabriel Valley office, completed the off-market transaction on behalf of the buyer, CenterPoint Properties, an industrial real estate investment firm headquartered in Oak Brook, Illinois.

CenterPoint plans approximately $2.5 million in renovations to upgrade the asset and lease to a high-quality distribution tenant, according to Rudy.

Nathan Lara

The property is located at 13260-13280 E. Amar Road in the City of Industry, California. Rudy Lara, Nathan Lara, and the LARA Team have been retained as the exclusive listing agent for the property, and are currently marketing the building for lease.

“With this acquisition, we helped our Client secure an increasingly rare opportunity to strategically upgrade an older property to meet the needs of today’s tenants, and benefit from the long-term growth fundamentals of this in-demand submarket,” explains Rudy.

“The San Gabriel Valley continues to prove itself highly competitive, currently posting industrial vacancy rates in the 2 percent range and strong rent growth year-over-year.”

The asset’s prime location offers easy access to the 10, 60, and 605 Freeways, providing convenient routes to the Ports of Los Angeles and Long Beach, and Los Angeles and Ontario International Airports, notes Rudy. 

Greg Pearson

The property offers 24 dock high loading doors, over 5,000 square feet of office space, 22 feet of clear height, 56 additional trailer stalls with over 100 trailer storage capability, three drive-in bays, and is rail-served by Union Pacific.

CenterPoint’s repositioning plan for the building, originally constructed in the 1960s, will include creating a best-in-class, secure, lit and paved yard, updating the facade, and modernizing the building systems.

According to Greg Pearson, Vice President, Investments at CenterPoint: “This project embodies the intrinsic value of excess yard in the Los Angeles basin.

"The combination of a ratio of one dock high door per 3,900 square feet and approximately 2 acres of excess yard make this building the workhorse of the 605 Freeway.

Ryan Dunlap

""Working closely with DAUM’s expert LARA Team, and benefitting from their deep relationships in the region, we were able to quietly secure this off-market transaction.”

The firm continues to be extremely bullish in acquiring properties in Southern California, having recently acquired a 126,000 square-foot industrial building in the South Bay submarket of Los Angeles and the former JC Penney distribution building in Buena Park, notes Ryan Dunlap, CenterPoint’s Senior Vice President of Investments.

CONTACTS:

Elisabeth Manville / Lindsay Mackay

Brower Group

(949) 955-7940

emanville@brower-group.com

www.daumcommercial.com.