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November 10, 2024
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City of Industry Industrial facility Fetches $60 Mil

10/29/24

A 282.4k sf industrial property in the City of Industry was acquired for $59.9 mil ($212/sf) by Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant. Built in 1981, the property is located at 918 S. Stimson Ave, east of Hacienda Blvd and north of Hwy 60.

The distribution facility features 24-30-foot clear heights, 34 dock-high doors, two grade-level doors, 28 trailer stalls and 150 auto stalls. The building sits on over 13 acres close to Interstates 605, 10 and 210, offering easy access to Southern California's consumer base of over 25 million residents.

Patrick Nally, Makenna Peter, Mark Detmer and Evan Morant with JLL Capital Markets represented the seller. Rick Sherburne and Kyle Sherburne with HRS Commercial repped Ardmore Home Design.





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