Staley Point Capital acquires L.A. industrial property for $35m
Staley Point Capital, with its joint venture partner Bain Capital Real Estate, has acquired 12065 Pike St., a 159,964 square-foot infill industrial asset in Santa Fe Springs, Calif., for $35 million. The transaction, which represents a purchase price of $219 per square foot, or $98 per land square foot, is Staley Point’s fourth investment in the Mid-Counties market.
The state-of-the-art asset is 25-foot clear, temperature-controlled and 100 percent leased to Anheuser-Busch. The asset has best-in-class amenities, including 16 dock-high positions, 2,500 amps of power and 1.6-acre adjacent yard for trailer storage. In addition, the asset has an onsite fueling station, truck maintenance shop and standalone trucking office. The asset is ideal for a food and beverage user, given the physical specs and proximity to significant demand drivers including Crypto.com Arena, Dodger Stadium, SoFi Stadium, as well as the bars and restaurants in downtown Los Angeles.
"We are pleased