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Sign in Sign up for a FREE subscriptionIndustrial property in Los Angeles MSA sells for $60m
JLL Capital Markets announced the $59.9 million sale of a 282,377-square-foot industrial property located at 918 S. Stimson Ave. in the City of Industry, Calif.
JLL represented the sellers in the transaction. Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant, acquired the asset.
Built in 1981, the distribution facility features 24- to 30-foot clear heights, 34 dock-high doors, two grade-level doors, 28 trailer stalls and 150 auto stalls.
Located on 13.06 acres near California Highway 60 and close to Interstate 605, I-10 and I-210, the property offers easy access to Southern California's consumer base of more than 25 million residents.