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Sign in Sign up for a FREE subscriptionCaprock Partners acquires 3.1-acre value-add industrial asset in Central Los Angeles
Caprock Partners has acquired Olive Tree Industrial, a 3.1-acre value-add industrial outdoor storage (IOS) property in Pico Rivera, Calif. Uniquely, this IOS property includes approximately 31,000 square feet of warehouse space and a large, secured storage yard — a desirable feature for tenant-users in this property size range.
CapRock purchased the asset from a private owner. Terms of the deal are not disclosed.
“CapRock Partners is excited to add Olive Tree Industrial to our established portfolio of value-add industrial assets,” said Taylor Arnett, first vice president of acquisitions at CapRock Partners. “With our proven track record and strategic vision, we look forward to unlocking the property’s full potential and creating a functional, efficient space that meets the evolving needs of industrial businesses in the Los Angeles area by catering to both traditional industrial users as well as industrial outside storage user
