Daum Commercial Directs Acquisition of Rare Infill Industrial Asset in Los Angeles County

PHOTO CREDIT: DAUM Commercial Real Estate Services directed the acquisition of a 64,109 square-foot industrial asset situated on 115,084 square feet of land in Temple City, CA

TEMPLE CITY, CA, Nov. 17, 2021 – DAUM Commercial Real Estate Services has directed the acquisition of a 64,109 square-foot industrial asset situated on 115,084 square feet of land in the Los Angeles County’s Temple City, California.

The property was purchased by Dunleer, a Los Angeles-based real estate investment firm that focuses on acquiring industrial and apartment assets in strategic western infill locations, according to Jordan Lara, an Executive Vice Principal at DAUM Commercial and member of LARA Team, who represented the buyer in the transaction.

Jordan Lara

“Acquisitions of infill industrial assets like these are becoming increasingly rare in the Los Angeles area, especially in the high-density, low-vacancy San Gabriel Valley submarket,” says Lara.

 “Drawing on our vast experience throughout Southern California, as well as insight into where the market and leasing activity is headed over the next several months, we were able to identify and secure this property as a prime opportunity for Dunleer to enact its proven strategy to bring a highly in-demand, upgraded asset to market.”

BJ Turner, Founder and CEO of Dunleer, adds: “As both consumer demand for last-mile delivery and supply chain costs rise, assets like these, which are located in dense submarkets that connect industrial pockets to affluent resident populations, are becoming nearly impossible to secure.

BJ Turner

"Due to lack of deliveries, users are often driven to look further east and incur high transportation costs, making this property highly competitive.”

Turner notes that the immediate area has recently attracted major companies including Amazon and Goodman. 

The property features freestanding, secured yards, 21-foot minimum clear height, seven roll-up doors and three dock positions, 2000-amp three-phase power, and ample parking.

Contacts: 

Arleeny Escarcega / Elisabeth Manville  
Brower Group  
(949) 438-6262 
aescarcega@brower-group.com 

www.daumcommercial.com.