Daum Commercial Real Estate Services has arranged the sale of a 9,484-square-foot freestanding office and industrial building on 60,104 square feet of industrial-zoned land in the supply-constrained South Bay submarket of Rancho Dominquez.
Daum Commercial managed the simultaneous sale of two adjacent parcels from two separate undisclosed owners. Daum’s Anthony Bergeman, Krishna Shegran and Michael Chase, represented one of the private sellers and the buyer, Century City-based investment firm Captiva Partners.
The property, located at 1957 to 2021 E. Del Amo Blvd., features a freestanding building with a fenced yard with lighting. The property is currently available for lease, with Daum Commercial representing the new owner.
Bergeman said multiple parties were interested in purchasing the industrial site.
“As high demand persists in this market for well-located industrial space, we were able to identify an experienced buyer who was capable of closing both transactions efficiently,” Bergeman said in a statement. “Sustaining an industrial vacancy rate in Los Angeles County at just 0.8%, vacancy in the Rancho Dominguez submarket remains historically low and among the lowest in the region.”
The prime infill location of Rancho Dominquez offers immediate access to major freeways such as the 405, 710, 91 and the Alameda Corridor.
Bergeman added, “In addition to the highly accessible location less than eight miles from the bustling world ports of Los Angeles and Long Beach, the centrally located property provides a unique opportunity to capitalize on the demand for functional space.”
Last year, Captiva Partners and a private investor purchased a 47,000-square-foot flex industrial property in Burbank for $11 million.