Dedeaux Properties Acquires 882K SF Distribution Facility In Commerce For $190M

A Dedeaux family-controlled entity has acquired an 882,000-square-foot distribution facility in Commerce, CA, from 99 Cents Only Stores for $190 million. The property, located at 4000 Union Pacific Avenue & 4040 Noakes Avenue, sits on 24 acres of land in the Commerce market. With a sale price of $190,000,000 and a price per square foot of $215, this transaction represents one of the largest industrial real estate deals in Los Angeles County this year. The facility's strategic location near the Hobart Intermodal Railyard offers potential for future redevelopment and expansion.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $190,000,000
• Address: 4000 Union Pacific Avenue & 4040 Noakes Avenue
• Market: Commerce
• Acres: 24

The buyer in the deal is Dedeaux Properties, represented by Rishi Thakkar and Terry Dedeaux. The broker for this transaction is Jack Cline from Lee & Associates. This acquisition provides Dedeaux Properties with a significant distribution facility in a prime location, further bolstering their industrial portfolio.