Industrial Site Sells for $87 per Square Foot

A 2.6-acre property with four industrial buildings in Stanton sold earlier this month for nearly $10 million.

Sun Coast Shipping LLC, a logistics company based in Corona and affiliated with Duarte-based firm Dynamic Export LLC, bought the 112,820-square-foot property at 11121 Dale St. and 11081 Dale St. for $9.8 million, or $87 per square feet.

Stanton-based vehicle shipping company California Shipping Inc. was the seller. Anthony Bergeman, Michael Chase and Krishna Shegran of DAUM Commercial Real Estate Services represented the buyer.

Chase said Sun Coast Shipping could use the industrial outdoor storage, or IOS, property as a truck terminal. IOS properties, Chase continued in a statement, “has seen strong interest from investors in recent years, including institutional portfolios.”

The property includes a freestanding 19,375-square-foot building with 5,400 square feet of office space, loading docks and covered outdoor storage. Also on the property is a 4,000-square-foot building with a ground-level loading door.

California Shipping Inc. used the property as a base to ship boats, motorcycles, personal items, trucks and vehicles overseas.

Also working on the transaction on behalf of the seller were Mike Barreiro, Dennis Holt and Devin Ray of DAUM’s Newport Beach office.