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8/16/21
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A two-building, 145k sf industrial complex in L.A.’s South Bay submarket was purchased by Hager Pacific Properties for $17.25 mil ($119/sf). The property is located at 13255 S. Broadway and 360 W. 132nd St in unincorporated Los Angeles County.
The asset consists of one 108k sf building and one 37k sf building, with each leased to a single tenant. The complex benefits from frontage on three streets, convenient access to major area freeways, and close proximity to Downtown Los Angeles and the Ports of Los Angeles and Long Beach.
Michael Collins with DAUM Commercial Real Estate Services represented the seller, a private party, in the transaction. Based out of Newport Beach, Hager Pacific Properties is a real estate investment firm specializing in industrial, retail, and hospitality renovation projects. According to Collins, the property is located in one of the tightest industrial submarkets in the county, which is seeing compressed vacancy rates near 2%, according to a recent DAUM report.
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