LEASED
Daum Commercial Real Estate Secures $6M Lease For 54,648 SF Montebello Industrial Property
1215 East Washington Boulevard
Industrial
54,648 SF
54,648 SF
Leased 52 days ago
Summary
Lease
CALIFORNIA
Industrial
54,648 sqft
A 54,648 square-foot Class A logistics facility on a 2.2-acre industrial property located at 1215 East Washington Boulevard in Montebello was leased for $6 million over five years. The lessee will utilize the space for their inaugural 'last mile' distribution center in the U.S.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $6 million
- Address: 1215 East Washington Boulevard
- Market: Montebello
Dennis Sandoval from Daum Commercial Real Estate Services represented the lessor in securing the lease, emphasizing the significance of the deal in the recovering Los Angeles County industrial market. On the other side, Kun Li from Harvest Realty served as the tenant's representative in the transaction.
Players
Details
LEASED
IMAGE: Kun Li & Dennis Sandoval
DATE: 03/15/2024
ADDRESS: 1215 East Washington Boulevard
MARKET: Montebello
ASSET TYPE: Industrial ~ SF: 54,648
LANDLORD'S REP: Dennis Sandoval - Daum Commercial Real Estate Services (@DaumCommercialRealEstate)
TENANT'S REP: Kun Li - Harvest Realty
LEASE TERM: five-year
NOTE: DAUM Commercial Real Estate Services secured the lease of a 54,648 square-foot Class A logistics facility on a 2.2-acre industrial property in Montebello for $6 million over five years. EVP Dennis Sandoval, representing the lessor, highlighted the significance of the transaction in the recovering Los Angeles County industrial market, with the lessee establishing their inaugural 'last mile' distribution center in the U.S.View on map
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Address1215 East Washington Boulevard
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