DAUM Commercial Arranges Sale of 93,818 SF Industrial Property Near Los Angeles
CITY OF INDUSTRY, CALIF. — DAUM Commercial Real Estate Services has arranged the sale of an industrial facility located at 13260-13280 E. Amar Road in City of Industry, a suburb 22 miles from downtown Los Angeles. Oak Brook, Ill.-based CenterPoint Properties acquired the 93,818-square-foot property for an undisclosed price.
Situated on a 6.2-acre site, the building features 24 dock-high loading doors, more than 5,000 square feet of office space, 22-foot clear heights, 56 additional trailer stalls with more than 100-trailer storage capability and three drive-in bays, as well as Union Pacific rail service.
CenterPoint plans to invest $2.5 million in renovations to upgrade the asset, which was built in the 1960s. Renovations will include creating a best-in-class, secure, lit and paved yard, updating the façade and modernizing the building systems.
Rudy Lara and Nathan Lara of DAUM’s Inland Empire office represented the buyer in the off-market transaction.