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October 13, 2019
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SOUTHERN CALIFORNIA NEWS
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Max Sales Group Buys 64k sf Warehouse Property in City of Industry

4/18/19

Max Sales Group purchased a 64k sf industrial warehouse in the City of Industry for $11.525 mil ($180/sf). Max Sales Group is a wholesale manufacturer of products, including consumer electronics and home, auto, kitchen, and pet accessories.

The property is located at 15240-15250 Nelson Ave, just north of Valley Blvd within close proximity to Hwy 60, I-605, and I-10. It features include 24’ of interior clearance, nine loading docks, two ground-level doors, 4k sf of office space, and the option for a two-tenant layout.

Charles A. Johnson II with DAUM Commercial Real Estate Services represented the seller, South El Monte-based Art Weiss Industrial Properties.

“Art Weiss Industrial built this property in 1979 and has since held it in their portfolio until they made the internal decision to sell and capitalize on the market demand,” explains Johnson.

According to Johnson, the property is one of the few available buildings of its size in the Lower San Gabriel Valley, which posted sub-2% direct vacancy rates at the close of 2018. Offering the asset for sale with approximately a year left on the in-place leases opened up a wider pool of potential buyers, increasing the competition in order to negotiate a strong price despite the building’s older vintage.






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