EverWest Acquires Prime Industrial Asset in Long Beach/LA Ports Submarket

 

Port of Long Beach, CA

DENVER, CO – Leading real estate investment advisor EverWest Real Estate Investors (“EverWest”) has completed its second industrial acquisition in less than a month, purchasing a 101,175-square-foot warehouse facility situated immediately off of Interstate 710/Long Beach Freeway and Interstate 405, just north of the Ports of Long Beach/Los Angeles.

Abie Kassin

Abie Kassin, Ikey Betesh and Michael Schoenbrun of Meridian Investment Sales represented both the buyer and the seller in the transaction. The price was not disclosed.

Located on 4.34 acres at 2848 E. 208^th Street in Carson, California, the building features up to 22’ clear height, 12 dock-high and 3 grade-level doors, a separate truck court and a secured fenced storage yard. It is fully leased to FLS Warehouse and Distribution.

Michael Schoenbrun

“This transaction underscores EverWest’s focus on high barrier to entry industrial markets, recognizing their upside potential for both rent growth and value,” said EverWest Managing Director Erik Good.

“This property also stands out for its proximity to the Ports of LA and Long Beach, which are less than six miles to the south. Together, these ports represent a primary U.S. gateway for goods from around the world.”

In addition to warehouse space, the Carson site offers significant acreage deployable for a variety of uses, including Industrial Outdoor Storage (IOS).

John Maurer

“EverWest is actively pursuing IOS opportunities,” said John Maurer, EverWest’s Senior Managing Director, Head of Portfolio Management.

“This sector is emerging as a significant problem-solver for operators struggling to balance high demand against a tightening and costly industrial real estate market.

"In these scenarios, IOS offers a cost-effective supply chain solution for everything from shipping container and port storage to maintenance facilities and last-mile delivery storage.”

John Maurer

For distribution-centric tenants, the site provides immediate access to I-710 and the vast Southern California interstate network, and sits less than 14 miles from Los Angeles International Airport.

 EverWest currently has $5.2 billion in assets under management, invested through separately managed accounts and commingled funds. 

It provides investment management services including acquisitions, asset management, development and property management for assets throughout the U.S.

 Contact:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

www.everwest.com.