Torrance-based Overton Moore Properties has acquired a 10.8-acre industrial property in Gardena for $35.1 million.

The property at 1600 W. 135th St. has six buildings totaling 261,950 square feet and is fully leased to an undisclosed aerospace tenant.

 
Cushman & Wakefield Inc.’s Mike Condon Jr., Erica Finck, Bailey Dawson, Brittany Winn, and McKenna Gaskill represented the seller, SGL Global, in the transaction.


Overton Moore will market the facility for lease with Condon, Winn and Gaskill serving as leasing agents.

 
The brokers declined to respond to questions. The existing buildings have high clearances and are column-free, which makes them desirable to production and research and development users, according to a statement from Cushman &Wakefield.


“Like many other heavy manufacturing sites throughout California, the Gardena property came with its fair share of challenges. Nevertheless, we had countless qualified buyers vying for the opportunity to get their hands on a 10.8-acre site in one of the hottest industrial submarkets in the country,” Finck said in a statement.

 
“There continues to be an incredible amount of dry powder chasing well-located industrial sites, and it has caused a paradigm shift in investors’ risk tolerance for some of these more complicated manufacturing properties.”


Finck would not elaborate on what those challenges entailed. Overton Moore Properties may look to add two industrial buildings to the site. The two buildings would be 200,000 square feet and 42,000 square feet, respectively.


“The sale of the Gardena campus shows the continued and insatiable appetite from investors to acquire large-scale, infill industrial sites, most specifically in the South Bay submarket,” Condon said in a statement. “Overton Moore’s proven track record of success in developing complicated sites in the city of Gardena was in the end what won them the day, and we are thrilled at another full cycle of deals consisting of land acquisition, leasing, and eventual disposition with their team.”

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