CapRock Partners has acquired Olive Tree Industrial, a 3.1-acre industrial property located at 8226 Whittier Boulevard in Pico Rivera, California. This transaction is a significant addition to CapRock's portfolio, further strengthening their presence in the Southern California industrial market. The industrial property provides ample space for businesses, with a total square footage of 31,000. The sale price for the property was $19,200,000, equating to a price per square foot of $619.

Summary of Transaction Details:

• Property Type: Industrial
• Address: 8226 Whittier Boulevard, Pico Rivera, California
• Market: Pico Rivera
• Acres: 3.1
• Buyer: CapRock Partners
• Buyer's Representatives: Taylor Arnett & Mike Kent
• Seller's Representatives: Mark Repstad & Carla Chen of Southland CRE
• Sale Price: $19,200,000
• Square Footage: 31,000
• Price per Square Foot: $619

This acquisition reflects CapRock's strategic focus on the evolving needs of industrial businesses in the area. The company plans to make capital improvements to ensure the property meets the demands of the growing market.