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1/06/25
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West Harbor Capital has acquired a 33.7k sf industrial building in Redondo Beach. The building is located at 2551 Santa Fe Ave, west of I-405 between Los Angeles International Airport and the ports of Los Angeles and Long Beach. The price was not given out.
The property features eight dock-high and one grade-level loading positions. Its location makes it well-suited for a variety of tenants including those in last-mile distribution, air freight, aerospace, high tech manufacturing and creative office.
West Harbor immediately launched a repositioning plan to enhance the vacant property’s functionality and image. The company’s planned modernization, combined with the asset’s functional amenities, including eight dock-high positions, fenced and secured yards, cul-de-sac location and throughput distribution layout, will position the property as one of the most efficient assets of this size in the market.
“This acquisition aligns with our strategy to expand our portfolio of high-quality infill logistics assets with significant long-term value potential. We are focused on growing our presence in Southern California given the sound fundamentals and basis value available in the market today,” said West Harbor Capital Managing Partner and Co-Founder Eric Ruehle.
The marketing efforts for the property will be led by Kidder Matthews' Andrew Dilfer, Luke Staubitz, and Harvey Beason.
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