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August 21, 2018
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City of Industry Industrial Campus Fetches $50 Mil

7/20/18

Echelon Business Park, a newly-constructed, seven-building industrial campus developed by Dedeaux Properties in the City of Industry, has been sold to seven separate buyers. The total consideration of all sales was approximately $50 mil.

Echelon Business Park is located at 801-821 Echelon Court, west of Azusa Ave roughly midway between I-10 and the 60 Fwy, offering convenient routes to the Ports of Los Angeles and Long Beach. The seven freestanding buildings, which range in size from 27.4k sf to 43.2k sf, feature ample dock-high and ground-level loading, large truck courts, ESFR sprinklers, high-speed fiber optic cabling, and two-story office space.

Dennis Sandoval, Robert Dipre, Bryan Sandoval and Kurt Yacko with DAUM Commercial Estate Services represented the seller in the transactions.

“The rapid sale of these assets demonstrates the pent-up demand for industrial ownership opportunities in Los Angeles County, particularly in infill industrial submarkets like the San Gabriel Valley,” says Sandoval. Industrial vacancy in the San Gabriel Valley consistently hovers just above 1.5%, with smaller, newer, dock high product vacancies often at less than one percent, notes Sandoval.




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