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4/24/12
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Otafuku Foods Inc purchased a 16.4k sf industrial warehouse/distribution facility in Santa Fe Springs for $1.72 mil ($105/sf). The property, located at 13117 Molette St, was sold by a private investor out of Placentia.
Built in 1976, the freestanding facility features a large, fully secured yard, 16-foot ceiling clearance, two 12’x12’ ground level doors and a 2k sf bonus canopy. It offers easy access to the 5 and 605 freeways.
Torrance-based Otafuku was represented by Luke McDaniel and Cameron Driscoll of VOIT Commercial Real Estate Services. Otafuku Foods specializes in the marketing, development, and sales of Otafuku sauces, vinegars and specialty components to food service, consumers and industrial business. Alex Blecksmith, Chris Sheehan and Adam Deierling of Colliers International repped the seller in the deal.
The property is located in the mid-counties submarket which has a base of approximately 103 msf of industrial product with a current vacancy level at a low 3.9 percent. The location of the property, at the geographic center of both Los Angeles and Orange Counties, generated significant interest from buyers in adjacent submarkets that were looking for a large, functional fenced-yard.
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