Patrick Fisher & Michael Murray Of Lift Partners Acquire Industrial Site At 4500 York Boulevard For $14.5M

Lift Partners acquired 4500 York Boulevard, a 161,394-square-foot industrial outdoor storage site in Los Angeles, for $14.5 million. The property, which spans 3.71 acres, will be delivered vacant and is situated in a market experiencing institutional demand and low vacancy rates.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,500,000
• Address: 4500 York Boulevard
• Market: Los Angeles, CA
• Square Footage: 161,394
• Price Per Square Foot: $90
• Buyer: Patrick Fisher & Michael Murray - Lift Partners
• Broker: Michael Bogle - CBRE

The deal is part of Lift Partners' Fund IV and expands their West Coast IOS strategy. The acquisition targets a segment of the market with strong landlord positioning amidst a recovering industrial sector.