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June 15, 2024
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Santa Fe Springs Industrial Property Trades in $10.5 Mil Deal


Fortress Investment Group LLC purchased a vacant 31.4k sf industrial property in Santa Fe Springs for $10.515 mil. Situated on 2.45 acres at 14930 Marquardt Ave, the heavy manufacturing facility was built in 1969 and features a large truck parking area and approximately one acre of excess land.

The property was sold by Equipment Manufacturing Company (EMC), which vacated the asset last month. Fortress Investment Group, a leading, highly diversified global investment manager, will execute some degree of renovation/repositioning to the asset.

The buyer was represented by Phillip DeRousse of Lee & Associates. A KW Commercial team led by Jason DuFault repped the seller in the deal.

“This facility sold for just over $335 per sf, which is one of the top five highest values for industrial properties sold in the submarket over the last 90 days,” said DuFault. “The investor saw the value in the property’s prime Los Angeles industrial location, abundant excess outdoor storage and parking spaces, office component, ample power, and loading docks.”

Santa Fe Springs is well-located approximately 14 miles from downtown Los Angeles and 22 miles from LAX. The city is home to Egge Machine Company, supplier of Cadillac engine parts for custom cars and hot rods and also is home to U.S. Aerospace, Lockheed Martin Corporation, and The Boeing Company, as well as other aircraft manufacturers, aerospace companies, and defense contractors.

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