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7/06/16
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Party Unlimited Rental and Supplies has acquired a 16.3k sf industrial building in LA’s South Bay region for expansion of its warehousing operations. The property, located at 13320 Figueroa St, south of El Segundo Blvd and east of the 110 Fwy in the Harbor Gateway area, sold for $2.3 mil, or $141/sf.
Party Unlimited plans to occupy its new facility, located on nearly an acre of land, during the late third quarter of this year, following building refurbishment. The facility is a freestanding concrete tilt-up, dock high building with a fully fenced yard, 22 feet of clear height, 28 on-site parking spots and 3k sf of office space.
Matt Stringfellow and Courtney Bell with The Klabin Co represented Party Unlimited Rental and Supplies in the acquisition. Rusty Smith of Cushman & Wakefield repped the seller, 13320 Figueroa St LLC. With this deal, Party Unlimited expanded from a nearby 7k sf facility which Stringfellow and Bell sold them earlier.
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