Dec
20
Terreno Nabs 8 CA Industrial Buildings for $28M
ByThe 152,000-square-foot industrial property, containing both distribution and flex buildings, sits near Interstate 105, within 15 miles of downtown Los Angeles.
Terreno Realty Corp. has acquired the eight-building Hawthorne Business Park in Hawthorne, Calif. for $27.6 million. The property, consisting of one distribution and seven flex buildings, totals 152,000 square feet. The closing cap rate was an estimated 4.4 percent.
Located at 3355-3437 W. El Segundo Blvd., the property sits one mile south of Interstate 105 and two miles east of Interstate 405, offering convenient access to Los Angeles International Airport, about five miles away. The buildings are situated in the center of the El Segundo Boulevard industrial corridor, within three to four blocks of a primarily residential area…
