Industrial

PALM SPRINGS, CALIF. — North Village Center, a 93,529-square-foot industrial/retail park in Palm Springs, has sold to WLA Investments for $4.1 million. The three-building park is located at 19345-19465 North Indian Canyon Drive. It was 70 percent occupied at the time of sale. Both the buyer and the unnamed seller were represented by Dan Vittone and Alan Pekarcik of Avison Young’s Irvine office.

KETTLEMAN CITY, CALIF. – An 89,880-square-foot freight terminal in Kettleman City that is triple-net leased to FedEx Corporation has sold to a buyer that was completing a 1031 Exchange for $21.4 million. The freestanding terminal is located at 33104 25th Ave. about halfway between Los Angeles and San Francisco. The facility was completed earlier this year. It carries a 29-year absolute triple-net lease that is guaranteed by FedEx. The unnamed seller was represented by John Glass of Marcus & Millichap’s San Francisco office.

KETTLEMAN CITY, CALIF. – An 89,880-square-foot freight terminal in Kettleman City that is triple-net leased to FedEx Corporation has sold to a buyer that was completing a 1031 Exchange for $21.4 million. The freestanding terminal is located at 33104 25th Ave. about halfway between Los Angeles and San Francisco. The facility was completed earlier this year. It carries a 29-year absolute triple-net lease that is guaranteed by FedEx. The unnamed seller was represented by John Glass of Marcus & Millichap’s San Francisco office.

CITY OF INDUSTRY, CALIF. – A 7.7-acre infill redevelopment site in the City of Industry has sold to CT Realty Investors for $6.2 million. The site is located at 13110 Louden Lane. A 121,000-square-foot, vacant manufacturing facility currently resides on the site, though it will soon be demolished. CT plans to replace it with a 168,000-square-foot, Class A warehouse/distribution building. C.E.G. Construction Co. will oversee construction. CT was represented by Denis Keane of Voit Real Estate Services’ Ontario office. The seller, McConnell Cabinets, was represented by Barbara Emmons and Cameron Merrill of CBRE Los Angeles.

CITY OF INDUSTRY, CALIF. – A 7.7-acre infill redevelopment site in the City of Industry has sold to CT Realty Investors for $6.2 million. The site is located at 13110 Louden Lane. A 121,000-square-foot, vacant manufacturing facility currently resides on the site, though it will soon be demolished. CT plans to replace it with a 168,000-square-foot, Class A warehouse/distribution building. C.E.G. Construction Co. will oversee construction. CT was represented by Denis Keane of Voit Real Estate Services’ Ontario office. The seller, McConnell Cabinets, was represented by Barbara Emmons and Cameron Merrill of CBRE Los Angeles.

GARDEN GROVE, CALIF. – A 40,274-square-foot industrial building in Garden Grove has sold to ProPlas Technologies for $4.1 million. The building is located at 14321 Corporate Drive. The new owner plans to execute a major renovation at the building before it relocates from nearby Gardena. The plastic injection molding and contract manufacturing company was represented by Brandon Carrillo, Greg Gill and Dylan Espley of Lee & Associate’s Long Beach office. The seller, Serella Revocable Trust, was represented by Mike Bouma and Paul Caputo of Voit.