Friday, November 2, 2012

Colliers International Completes $27.5 Million Sale of Industrial Property in La Mirada, CA



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.


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. 

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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