Fortress Investment Group Acquires Industrial Property In Santa Fe Springs For $10.5M

The vacant 31,373-square-foot industrial property located at 14930 Marquardt Avenue in Santa Fe Springs, California, has been sold for $10.515 million. The buyer, Fortress Investment Group LLC, acquired the property from the Equipment Manufacturing Company. The transaction took place on 10/20/2023. The property, encompassing 2.45 acres, is expected to undergo renovation or repositioning in the future.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $10,515,000
• Square Footage: 31,373 SF
• Price per Square Foot: $335
• Address: 14930 Marquardt Avenue
• Market: Santa Fe Springs

The buyer's representative in this deal was Phillip DeRousse from Lee & Associates. Jason DuFault from KW Commercial represented the seller, Equipment Manufacturing Company. Phillip DeRousse assisted Peter L. Briger, Jr. from Fortress Investment Group LLC in the acquisition of the property.

It is worth noting that KW Commercial's Jason DuFault announced the successful completion of this sale.