|
|
10/04/22
|
Link Logistics has acquired an 82.2k sf industrial building in Montebello for $29.3 mil ($356/sf) in an off-market transaction. The facility sits on 3.12 acres at 1719 Chapin Rd, east of I-5 and north of Slauson Ave.
Jon Reno, SIOR, CCIM, Mark Vanis, Trevor Gale, SIOR, and Sage Segal with JLL represented Link Logistics in the acquisition.
"With a strong Los Angeles industrial market, we are seeing well-positioned investors like Link Logistics look to grow their portfolio,” said Vanis. “We continue to see rising rents, decreasing vacancy and very little development, causing strong investor demand with no slowdown insight.”
According to JLL’s Q2 2022 Los Angeles Industrial Insight Report, rents continued to steeply climb, rising 16% quarter-over-quarter with vacancy remained near record lows at 0.7% across the 776 msf market. Additionally, developers delivered 1.2 msf of new space in Q2 with nearly 75% of that product pre-leased.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
