Acquired two industrial buildings totaling 75,000 square feet on an “off market” basis as a sale-leaseback for 10 years to an industry leader in specialized medical equipment.  The property is located in the San Gabriel Valley submarket of Los Angeles, California, one of the strongest industrial markets in the United States.

• Two industrial buildings totaling 75,081 SF located in the San Gabriel Valley submarket of Los Angeles, CA
• Sourced “off-market” for $12.5M ($166/SF) in April 2021
• 100% leased for 10 years to an industry leader in specialized medical equipment projected to generate revenue of more than $50M in 2021
• Acquired well below replacement cost as a sale-leaseback in one of the strongest industrial submarkets in the United States