The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 6, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Nuveen Real Estate Picks Up 337k sf Industrial Asset in La Mirada

10/18/22

Nuveen Real Estate has acquired a 337.1k sf, Class A industrial distribution project in La Mirada. Situated on over 14 acres, the two-building, multi-tenant property is 100% leased to three tenants.

Originally built in 1997, the project is located at 14001-14007 and 14041-14051 Rosecrans Ave. It features ample loading, ESFR fire sprinklers, 30’ clear heights and approximately 87.1k sf of new food-grade refrigerated space.

The property offers an attractive image with major street frontage along Rosecrans Ave and a strategic industrial location just north of the confluence of the I-5 and SR-91 Freeways and 15 miles from the Ports of Los Angeles & Long Beach and Los Angeles International Airport. Additionally, the project provides close access to the Southern California freeway system including four freeways (I-710, I-105, I-605 & SR-57) all located within a ten-mile radius.

Jeff Chiate, Jeff Cole, Rick Ellison, Mike Adey, Brad Brandenburg, and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group based in Southern California represented the seller in the transaction. The firm’s Randy Ellison also provided local market advisory. A price was not disclosed.

“This was an exceptional investment opportunity to acquire a rare and sizable institutional quality industrial project in an ultra-infill location, and that is 100% leased to a quality tenant roster,” said Chiate. “The property is also ideally positioned near a multitude of logistical freeway routes plus close proximity to ports and airports, and a robust customer base in the surrounding region.”

Ellison added, “The property is well positioned within the Mid-Counties industrial submarket, one of the strongest in the nation. Low vacancy has driven rental rate growth in the area creating an exceptional mark-to-market opportunity and an ideal long-term investment strategy. The property also provides leasing optionality with near-term lease expirations coupled with a range of suite sizes and configurations attracting a wide variety of prospective occupiers.”





Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media