Cushman & Wakefield today announced the firm has brokered the sale of a newly developed last mile transloading eCommerce distribution facility situated on 11 acres in La Habra (Orange County), California. The property is 100% leased to a national credit tenant. The facility was acquired by a large institutional investor.
The seller was West Harbor Capital, a real estate investment and asset management company focused exclusively on acquiring and repositioning infill industrial properties located throughout Southern California.
Jeff Cole, Jeff Chiate, Ed Hernandez, Mike Adey, and Bryce Aberg with Cushman & Wakefield’s National Industrial Advisory Group in Southern California represented the seller in the disposition. Rick Ellison and Randy Ellison of Cushman & Wakefield along with Chris Migliori and Paul Gingrich of Daum Commercial provided market advisory.
“Built in 2020, this unique opportunity reflected a new ‘alternative industrial investment’ of a state-of-the-art trans load facility with exceptional van and small truck parking and circulation servicing last mile parcels for North Orange County, and parts of Los Angeles County and the San Gabriel Valley,” said Jeff Cole, Vice Chairman. “This is truly an irreplaceable asset given the scarcity of infill locations with the zoning allowing for this specialized use, while also situated in one of the most sought-after industrial markets in the nation.”
Located at 555 S Harbor Blvd, the property consists of 34,320 square feet of transloading package terminals, 78 loading positions, 246 van stalls/ 51 trailer stalls, 928 sf of office space, a state-of-the-art secured gate system, and 15-ft tall walls. The site also includes 2.6 acres for future expansion potential.
Jeff Chiate, Vice Chairman, noted, “The property is a key link in the last mile supply chain driving the eCommerce industry which has grown well over 30% since 2017 and is projected to further expand at a similar rate in the next four years.”
