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| La Mirada, CA Industrial Building, 16400 Knott Ave. |
LA MIRADA, CA -- Colliers International, the third largest
global real estate services organization, has completed the $27.5 million sale
of a 278,000-square-foot industrial building located at 16400 Knott Ave.
in La Mirada, Calif.
Clyde Stauff, SIOR, of Colliers International
represented the seller, La Mirada Realty, LLC from Dalton, GA. Stauff also
represented the buyer, Atlanta-based Invesco Advisors.
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| Clyde Stauff |
The property was formerly occupied by Shaw Industries who
vacated and consolidated operations in their existing Cypress, Calif.
warehouse.
Invesco will conduct major upgrades to the property
including full ESFR sprinkler conversion, office refurbishment and upgrade,
landscaping upgrade, interior and exterior paint and new low energy warehouse
lighting.
The building features 40’ clear height, 36 dock-high doors, three
grade-level doors, and a large truck court.
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| Ross Fippinger |
“The Knott Avenue
building sale underscores the demand for larger Class A industrial assets in
the mid counties market,” said Stauff. “Additionally, the prime La Mirada
location includes high profile neighbors, such as Makita, US Foods, and Amada.”
Stauff along with Ross Fippinger are also responsible
for leasing of the property.
Contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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