Industrial Property Trust Nabs 104 KSF Asset
ByIndustrial Property Trust Inc. acquired a 104,339-square-foot industrial building in the Rancho Dominguez submarket of Los Angeles County. The national REIT purchased the property for $12 million from Benetti’s Italia and has commenced a $2.5 million capital improvement plan. Daum Commercial Real Estate Services negotiated the transaction on behalf of IPT.
Located on 4.5 acres at 18554 S. Susana Road, the asset features dock-high loading, a large truck court, warehouse clearance up to 26 feet, a large fenced yard, a calculated sprinkler system throughout and highly visible freeway frontage along Interstate 710. The facility is eight miles from the Ports of Los Angeles and Long Beach, and around 18 miles from Los Angeles International Airport and downtown Los Angeles…
