Daum Commercial Real Estate Secures $6M Lease For 54,648 SF Montebello Industrial Property

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.