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7/12/23
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A 38k sf truck and container yard in Wilmington sold for $6.55 mil ($172/sf). The property, located at 336 E. D St near the Port of Los Angeles, was purchased by Bridge Logistics Properties (BLP).
The site, which includes a 5.5k sf warehouse/office building, is currently leased to Road One, a leading single source intermodal, warehouse and logistics services company. The port adjacent property features three ground-level doors, almost 18’ of clear height and a secured, paved yard.
The Klabin Company’s Tyler Rollema, SIOR, and Matt Stringfellow, SIOR, represented both the buyer and the seller, the Lacy Family Trust.
“The property at 336 E. D Street is a turn-key container yard with a financially secure tenant that also has significant market-to-market upside when the existing lease expires this November,” said Rollema. “With its proximity to the ports of Los Angeles and Long Beach, LAX and several freeways, it was an attractive purchase for BLP as it continues to grow its portfolio.”
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