THE KLABIN COMPANY BROKERS MORE THAN $24 MILLION SALE OF INDUSTRIAL PROPERTY IN GARDENA
CenterPoint Properties acquires 91,342-square-foot warehouse in prime South Bay submarket.
(February 11, 2022 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it brokered the $24.035 million sale of a 91,342-square-foot, fully leased industrial property at 301 E. Alondra Blvd. in Gardena, Calif.
The Klabin Company’s Matt Stringfellow, SIOR, Courtney Bell and Tyler Rollema represented the private seller in the transaction.
The buyer was CenterPoint Properties, a leader in industrial development, acquisition and management. CenterPoint acquires, develops, redevelops, manages, leases and sells state-of-the-art warehouse, distribution and manufacturing facilities near major transportation hubs.
The building at 301 E. Alondra sits on close to four acres of land in a prime South Bay location, one of the leading industrial submarkets in the world. The property is near the two busiest container ports in North America, LAX and has convenient access to the 110, 405, 91, 710 and 105 freeways. The highly functional warehouse features significant dock-high and grade-level loading, a large private yard and is ideal for future redevelopment as a logistics/last mile facility.
“We’re pleased to have completed this fully marketed investment sale that came with a great deal of interest,” said Stringfellow. “CenterPoint, which has been very successful and aggressive in pursuing these types of properties, identified this as a good opportunity to reposition it as a low-coverage site once the current tenant vacates.”
About The Klabin Company/CORFAC International
Now in its seventh decade of operation, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. Built on the principles of an open and enduring culture, the company has maintained its independence as a privately-owned business since 1961. The Klabin Company emphasizes how the sharing of information, experience and relationships among all colleagues works to everyone’s advantage. The firm is dedicated to the needs of its clients, and through this commitment, it has remained successful for years. The Klabin Company is affiliated with CORFAC International. For more information go to www.Klabin.com.
About CORFAC International
CORFAC International is a global network comprising private held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Contact Jonathan Salk, CORFAC Executive Director, at (224) 257-4400 or jonathan@corfac.com or visit www.corfac.com.
The Klabin Company Matt Stringfellow, SIOR, Courtney Bell and Tyler Rollema represent the Seller in the $24.035 Million sale of 91,342 Sq. Ft. in Gardena.