NAI Capital Completes Sale of 18,500 SF Warehouse in City of Industry, CA
Los Angeles, CA – December 17, 2019 – Executive Managing Director Ryan Campbell, SIOR, with NAI Capital’s Investment Services Group completed the sale of a 18,500 square foot industrial warehouse facility in City of Industry, California. Ryan represented the buyer, a family trust, in the transaction. Lee & Associates represented the seller, Golden Triangle Group, LLC. The sale price totaled $5,550,000, or $300 per square foot.
The warehouse facility is located at 19062 San Jose Ave. Built in 1979, the property features two 3-ton cranes, 12 ground level doors, and an oversized 1.9-acre yard. The facility is in a central San Gabriel Valley location with immediate access to the 60 freeway. The building was vacant at the time of sale. The buyer plans on occupying the building with their construction company that specializes in the public works industry.
Ryan said, “Opportunities to purchase industrial properties in the San Gabriel Valley are limited due to extremely tight market conditions. The location and the large fenced yard made the property even more attractive to my client.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As the largest member of NAI Global, the premier managed commercial real estate service network with 375 Offices and 6,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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