Brookfield Asset Management Inc. has purchased two industrial buildings in Carson for $63.6 million, records show.

Western Tube & Conduit Corp., which occupies the buildings, sold the portfolio as part of a sale-leaseback transaction, according to CoStar Group Inc.

The new lease is for three years.

The buildings are located at 2001 E. Dominguez St. and 20740-20750 S. Wilmington Ave.

The 2001 E. Dominguez St. site is a roughly 306,000-square-foot building built in 1974.

It has five docks and 170 parking spaces.

The property at 20740-20750 S. Wilmington Ave. is nearly 102,000 square feet and was built in 1950.

It has six docks and 130 parking spaces.

Brookfield, according to CoStar, will renovate the properties after the lease ends.

Cushman & Wakefield’s Michael Condon Jr. and Erica Finck and Jones Lang LaSalle Inc.’s Zachary Sakowski represented the buyer and seller in the sale, according to CoStar.

Industrial space is in high demand in L.A.

In the first quarter of the year, the South Bay had one of the lowest vacancy rates in the county at 2.4%, according to JLL data.

Asking rent in the area was $1.05 a square foot on a triple-net basis, up 6 cents in a year. It was the most expensive industrial asking rent of any submarket in L.A.

Industrial real estate is expected to fare better than other asset types during and after the Covid-19 pandemic, making it a desirable investment for many.

Most institutional investors are still actively looking at industrial, along with new entrants to the sector, according to CBRE Group Inc. Pricing for core industrial products is holding steady internationally, the group found.

“We expect weakness to persist in the investment-transaction market for the next quarter at least. When activity picks up, it is likely to accelerate first in the multifamily and industrial and logistics sectors,” Richard Barkham, CBRE global chief economist and head of Americas research, said in a statement.