A 124,500-square-foot industrial property located at 16930 Valley View Avenue in La Mirada has been sold for $32.425 million. The property spans over 7.22 acres and is set for redevelopment into a 143,600-square-foot Class A facility, providing access to key transportation hubs in Southern California.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,425,000
• Square Footage: 124,500
• Address: 16930 Valley View Avenue
• Market: La Mirada
• Planned Redevelopment: 143,600-square-foot Class A facility
• Access: Prime access to Southern California's key transportation hubs

The transaction involved brokers Christopher Sheehan, Elizabeth Capati, Gian Bruno, Jeffrey Smart, Kenny Patricia, Kylie Jones, Michael Kendall, Mike Foley, and Senna De La Cruz representing Colliers, who facilitated the sale and attracted significant interest from investors and developers.