Ardmore Home Design Acquires Industrial Property In City Of Industry From LBA Realty For $59.9M

The transaction involved the sale of an industrial property located at 918 South Stimson Avenue in the City of Industry. The sale price was $59,900,000 for a facility that spans 282,377 square feet, priced at $212 per square foot. The property, built in 1981, is situated on 13.06 acres and features 34 dock-high doors and 28 trailer stalls, providing access to major highways and serving over 25 million Southern California residents.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $59,900,000
• Address: 918 South Stimson Avenue
• Market: City of Industry
• Square Footage: 282,377
• Price per Square Foot: $212
• Acres: 13.06
• Buyer: Ardmore Home Design
• Seller: LBA Realty
• Buyer's Representatives: Kyle Sherburne & Rick Sherburne - HRS Commercial
• Seller's Representatives: Evan Moran, Makenna Peter, Mark Detmer & Patrick Nally - JLL

The sale was arranged by JLL, highlighting the role of the representatives involved. The buyers, Ardmore Home Design, acquired the property from LBA Realty, with notable involvement from broker representatives from both sides, ensuring a smooth transaction process.