Property Address: 11840 and 11852 Alameda Street, Los Angeles CA 90059; 2800 Lynwood Road, Lynwood, CA 90262
Square Footage: 23 Acres
Cbre facilitated the sale of Alameda Distribution Center, a 23-acre industrial land site, in Lynwood to Terreno Realty Corp. The publicly traded industrial real estate investor bought the fee interest in the land for $31.4 million. CBRE’s Robert Flores represented the seller, Lynwood-Alameda Corp., a local Los Angeles family, in the sale of the fee interest in the land. The rail-served property, located at 11840 and 11852 Alameda Street and 2800 Lynwood Road, is ground leased long-term by Travelers Insurance and Cargill Inc., a global grain and agricultural commodities producer and distributor. The Travelers Insurance portion of the site is highly improved with two Class A industrial buildings totaling approximately 465,000 square feet, both of which are fully leased.
Property Address: 20330 South Main Street, Carson, CA 90745
Square Footage: 512,266
Carson Marketplace is a fully entitled, 11.8- acre development project in the South Bay region of Los Angeles, in the city of Carson. The asset’s strong surrounding demographics and market fundamentals, proximity to high-paying jobs, employment centers, retail/entertainment amenities, in combination with the size of the development, made this an incredible acquisition opportunity. This sale represents the future direction of Carson, which is undergoing a lot of development activity. When the Carson Marketplace project is completed, it will further enhance the area’s appeal to prospective residents.