Danish pension fund pays $85m for L.A. industrial asset

Thor Equities Group and Denmark-based PFA Pension have purchased 12065 Pike Street in Santa Fe Springs, Calif., a premier cold storage warehouse fully leased to the brewing company, Anheuser Busch.

Thor Equities and PFA, a Danish pension fund, have been partnering since 2016 to acquire, develop, and operate best-in-class assets and have established the Thor PFA USA Industrial Fund and Thor PFA European Mixed-Use Fund.

Situated on 8.7 acres, the asset includes two buildings totaling 158,800 square feet and features 16 exterior docks, 25-foot clear heights, a 110-foot truck court, and excess land for fleet and trailer parking, a rarity in the Los Angeles market. Located in the Mid-Counties submarket of Los Angeles with access to Interstate 5 and I-605, the property is 17 miles from downtown Los Angeles and 24 miles from the Port of Los Angeles.

“This acquisition offers a rare opportunity to invest in one of the most desirable asset classes and industrial markets