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1/19/24
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Sterling Investors LP paid $11.25 mil for a 42.7k sf ($263/sf), Class A warehouse and distribution facility in Santa Fe Springs. The property is fully leased to a single tenant and features a 30-foot clear height, six dock-high doors, one grade-level door and an 82-foot truck court.
The asset is located at 10329 Painter Ave, in one of the most desired core industrial markets by institutional investors across the country. It is strategically positioned 3.5 miles from the I-5 and I-605 Interchange, boasting impeccable connectivity throughout Southern California and the greater West Coast.
Mark Detmer, Chad Solomo, Makenna Peter, Cameron Driscoll and Luke McDaniel with JLL Capital Markets represented the seller, an affiliate of Zurich Alternative Asset Management, and procured the buyer in the deal.
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