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LOS ANGELES COUNTY NEWS
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Dunleer Pays $170/sf for Vacant Industrial Property in Covina

5/18/22

Dunleer has acquired a 31.7k sf, vacant industrial building in Covina for $5.41 mil ($170/sf). Built in 1962, the building is situated on 1.5 acres at 1165 E Edna Place, just under 20 miles to Ontario International Airport and convenient to the 10, 210, 605, and 57 freeways.

“With Los Angeles County’s industrial vacancy rate currently below 1.5%, vacant buildings ready for immediate move-in are almost non-existent,” said BJ Turner, Founder of Dunleer. “We are now embarking on a major renovation that will enhance the asset, both functionally and cosmetically. We anticipate our value-add enhancements will include new gating, lighting, fencing, paving, striping, painting, bathrooms, offices, grade-level doors and more. Upon completion of the renovation, we will bring the property to market for lease and look forward to welcoming a new tenant.”

Kurt Yacko of DAUM Commercial Real Estate Services and Kerel Sharfner of KW Commercial repped both parties in the deal.





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