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8/13/24
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In a recent LA-area industrial buy, Dunbar Real Estate Investment Management purchased two concrete tilt-up buildings totaling 41.9k sf on almost two acres of land in Carson for $10.2 mil, or $243/sf. The asset is located at 16925-16927 Main St, east of the 110 Fwy and north of the 91 Fwy.
Built in 1992, the six units range from 6k sf – 7k sf—with one combined 14k sf unit—and has unique and highly desirable features including dock-high loading on four of the five units which is very rare in the marketplace for units in this size range. Due to barriers of entry such as entitlement risk and cost of land, construction, and capital, developers aren’t building this type of product anymore which makes it highly valuable and sought after by both users and investors.
The property is extremely well located in the heart of Los Angeles’ South Bay submarket, a major industrial hub with urban convenience. Just one exit from the 405 freeway, the location provides seamless connectivity to the major ports and LAX.
The Klabin Company’s Matt Stringfellow, SIOR, and Tyler Rollema, SIOR, represented the buyer in the transaction. The seller, the MacLeaod Family Trust, was repped by Mark and Patrick Granger of The Granger Company.
“The South Bay is widely considered one of the best industrial markets in the United States,” said Stringfellow. “The location of the property, within this dynamic and supply constrained submarket, is extremely favorable for the prospect of long-term value appreciation.”
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