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2/03/10
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MerueloMaddux Properties Inc, one of the biggest property owners in downtown Los Angeles, has just listed an 85k sf "state-of-the-art" concrete tilt-up industrial building in the city of Barstow. The building sits on just over 10.5 acres located on the north side of Lenwood Rd, adjacent to I-15. The Bradco Companies, one of the most active commercial real estate services firms throughout the High Desert region, has the listing.
According to Joseph W. Brady, CCIM, SIOR and President of The Bradco Companies, this is the only facility of its type and size, and adjacent to I-15, currently available in the High Desert. "Initially developed as a produce distribution facility, the building is "cooler ready" and can be divided into 17 units of about 4.1k sf in size. Each unit consists of two dock-high on the north side and one dock-high on the south side, a 400 sf office, a bathroom and 100 sf of storage.
The Class A building is being offered for sale at an asking price of $8 mil. An additional 64 acres of land that surrounds the property is also available for a discounted rate.
"This is a Class A building that has never been occupied. Given its close proximity to the Interstate 15 and 40 interchange and the Nevada state line we hope to generate interest from wholesale distribution companies that desire to expand in this area," explained Brady.
With over 30 years experience in real estate investment, construction and management, MerueloMaddux and its related companies are primarily focused on the Los Angeles metropolitan area. The MerueloMaddux property holdings represent the largest landowner portfolio in Downtown Los Angeles and include extensive facilities in the produce market and adjoining areas. A number of properties are in planning stages at prime development sites in the emerging Southpark, Little Tokyo and Art districts, nearby Chinatown and Glassell Park.
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