|
|
2/13/23
|
Rusher Air Conditioning paid $5.52 mil for a 16.7k sf ($331/sf) industrial building in Lawndale. The property is located at 4435 W. 153rd St, north of Manhattan Beach Blvd on the east side of the 405 Fwy.
Constructed in 1967, the building is accompanied by a large gated, concrete yard which will accommodate Rusher Air’s service vehicles. The central location offers immediate access to Interstate 405, 105, and 110 Freeways with ample space for efficient operation and long-term growth potential.
Rusher Air Conditioning is a 77-year-old company that designs and installs commercial heating and cooling systems. The company was looking to expand from its 10k sf facility in Torrance to a larger, more efficient headquarters.
Michael Collins and Dustin Hullinger with DAUM Commercial represented the buyer in the transaction. DAUM is also marketing the buyer’s previous headquarters for sale. The property, suitable for contractors and trucking companies that require outside storage, is situated in a highly visible site along Normandie Ave in Torrance, just south of the 405 Fwy. Brian Held of CBRE repped the seller, The Sendy Hartwell Trust.
Lawndale is located in the southwestern area of Los Angeles, where, according to a DAUM report, industrial market direct vacancy remains extremely tight at 1.9% as of Q3. Sales prices rose 11.1% and deal volume increased 73.8% during the quarter, demonstrating investors’ robust interest in this market, says Collins.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
