Sterling Investors LP Acquires Fully Leased Class A Warehouse In Santa Fe Springs For $11.25M

A fully leased 42,725 sq ft Class A warehouse located at 10329 Painter Avenue in Santa Fe Springs, California, has been sold for $11.25 million. The property, situated near the I-5 and I-605 Interchange, is highly sought after by institutional investors in the core industrial market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $11,250,000
• Square Footage: 42,725 sq ft
• Price per Square Foot: $263
• Address: 10329 Painter Avenue, Santa Fe Springs
• Market: Santa Fe Springs

JLL Capital Markets facilitated the transaction, representing Zurich Alternative Asset Management's affiliate as the seller and Sterling Investors LP as the buyer. The deal was arranged by brokers Cameron Driscoll, Chad Solomon, Luke McDaniel, Makenna Peter, and Mark Detmer from JLL. The strategic location of the property near major interchanges adds to its appeal.