Industrial property

$2.5M industrial property in Kelowna sells for 4 times minimum price in municipal tax sale

FILE PHOTO – A light industrial property at 9025 Jim Bailey Rd. on the north end of Kelowna near Lake Country. The property, valued at approximately $2.5 million, was sold at the City of Kelowna’s tax sale on Monday, September 27, 2021 for $510,000, even though the taxes held on […]

Industrial property

Overton Moore Buys Gardena Industrial Property for $35 Million

Torrance-based Overton Moore Properties has acquired a 10.8-acre industrial property in Gardena for $35.1 million.The property at 1600 W. 135th St. has six buildings totaling 261,950 square feet and is fully leased to an undisclosed aerospace tenant. Cushman & Wakefield Inc.’s Mike Condon Jr., Erica Finck, Bailey Dawson, Brittany Winn, and McKenna Gaskill represented the […]

Industrial property

Pico Rivera industrial property sells for $63 million

8500 Mercury Ln. in Pico Rivera A 173,134 square foot industrial property in Pico Rivera has sold for $63 million. Chicago-based CenterPoint Properties purchased the property from owner-occupier in a sale-leaseback transaction. Jordan Lara, Rudy Lara and Nick Peukpiboon of Daum Commercial Real Estate represented CenterPoint Properties in the off-market sale. The property is located […]

Industrial property

Seagis pays $19 million for Doral industrial property

10100 Northwest 25th Street in Doral, Florida and Bradlee Lord of Seagis Property Group (Google Maps, Cornell) Seagis Property Group bought the Doral facilities from a logistics company for $19.4 million. AmCar Lamprecht sold the property at 10100 Northwest 25th Street, two years after buying it for $14 million, records show. The two-story, 105,984-square-foot facility […]

Industrial property

The packaging boom adds to the race for industrial property

Industrial real estate, including distribution centers and manufacturing plants, continues to be in strong demand across the United States, exemplified by the exceptionally low vacancy rate of 5.1% and record rents that have increased by 8.6% in the last year alone. Improving national economic and health conditions release pent-up consumer demand, fuel consumption and production […]

Industrial property

Proprietary shows aren’t too hard to decipher – the biggest danger is the “backyard owners”

Leaky warehouses and energy-hungry factories can seem like a tall order to go green. It’s not, says the Dexus subsidiary which has just made its portfolio of workplaces and real estate carbon neutral, but a lot depends on the fund manager. APN’s Industria REIT (Real Estate Investment Trust), which manages 39 properties across Australia, has […]