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7/27/23
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CapRock Partners purchased Valley Center Business Park, a 6.47-acre multi-tenant industrial complex in the City of Industry. The asset includes approximately 92.4k sf of industrial warehouse space across six existing buildings.
Built in 1977, Valley Center Business Park was approximately 85% leased at the time of acquisition. CapRock will begin capital improvements immediately to enhance the property’s functionality and marketability. The firm purchased the property from a private owner in an off-market transaction. The price was not disclosed.
Valley Center Business Park includes 42 units ranging in size from approximately 792 sf up to 6.2k sf, averaging approximately 2.5k sf. The property features frontage on Valley Boulevard, small office space in each unit, 29 grade-level doors, 174 parking spaces, and approximately 14 to 16 feet clear heights.
Located at 14404-14436 E. Valley Blvd and 100-190 S. Sixth Ave, the property is strategically positioned near major transportation routes, including freeways and rail lines, making it an ideal hub for distribution and logistics. It is easily accessible to the I-10, I-605 and SR-60 freeways.
The City of Industry plays a significant role in the San Gabriel Valley economy. Offering a business-friendly environment, it is home to over 3,000 businesses and corporations, including numerous Fortune 500 companies. The city's economy revolves around manufacturing, logistics, warehousing, and various other industries associated with the nearby ports of Los Angeles and Long Beach. Some other prominent sectors include automotive parts, electronics, food processing, textiles, and construction materials.
Steve Shatafian with Lee & Associates represented CapRock in the purchase transaction and has been retained to market and lease Valley Center Business Park’s available space.
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