Daum Commercial Completes Challenging Industrial Sale in Los Angeles County's South Bay Submarket

SOLD: a two-building industrial complex
totaling 145,000 square feet
in the South Bay submarket
 of Los Angeles County, Ca

 

 UNINCORPORATED LOS ANGELES COUNTY, CA – DAUM Commercial Real Estate Services has completed the sale of a two-building industrial complex totaling 145,000 square feet in the South Bay submarket of Los Angeles County, California. 

The complex was sold for a total consideration of $17.25 million and is located at 13255 S. Broadway & 360 W. 132^nd Street in Unincorporated Los Angeles County, California.

The asset was acquired by Hager Pacific Properties, a Newport Beach-based real estate investment firm specializing in industrial, retail, and hospitality renovation projects, according to Michael Collins, Vice Chairman at DAUM Commercial, who represented the seller, a private party, in the transaction.

Michael Collins

“Our client owned a fully leased, well-located asset in the highly desirable South Bay submarket that had environmental concerns,” explains Collins.

 “Based on our deep and long-standing relationships within the Southern California industrial investment community, we were able to source a buyer who is well equipped to address the challenges, ultimately closing at a price based on the current status of the property.”

 

Collins notes that the property is located in one of the tightest industrial submarkets in the county, which is seeing compressed vacancy rates near 2%, according to a recent DAUM report. 

“This is a prime opportunity for the buyer to leverage previous experience remediating environmental issues and implement a proven value-add strategy to realize the upside,” continues Collins.

Rob Neal

“Rob Neal of Hager Pacific Properties was a delight and honored all of his timeframes and commitments, allowing for a smooth transaction.”

The asset consists of one 108,000 square-foot building and one 37,000 square-foot building, with each leased to a single tenant.

 The complex benefits from frontage on three streets, convenient access to major area freeways, and close proximity to Downtown Los Angeles and the Ports of Los Angeles and Long Beach.

 CONTACTS:

 Arleeny Escarcega / Elisabeth Manville  

Brower Group  
(949) 438-6262 
aescarcega@brower-group.com 

 

michael.collins@daumcommercial.com.

 

www.daumcommercial.com.