CenterPoint Properties Acquires Industrial Facility In City Of Industry For Renovation

An industrial facility located at 13260-13280 E. Amar Road in City of Industry, California, was recently sold. The property spans 93,818 square feet and sits on a 6.2-acre site. The building features 24 dock-high loading doors, over 5,000 square feet of office space, 22-foot clear heights, 56 additional trailer stalls, and three drive-in bays. In addition, it offers Union Pacific rail service. CenterPoint Properties from Oak Brook, Illinois, acquired the property in an off-market transaction, with plans to invest $2.5 million in renovations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Market: Syracuse
• Buyer's Representative: Nathan Lara (Daum Commercial Real Estate Services), Rudy Lara (Daum Commercial Real Estate Services)
• Buyer: CenterPoint Properties
• Square Footage: 93,818

Rudy Lara and Nathan Lara of DAUM’s Inland Empire office represented CenterPoint Properties in this transaction. The buyer plans to upgrade the asset by making significant renovations, including creating a secure, lit, and paved yard, updating the facade, and modernizing the building systems. The property, constructed in the 1960s, is set to undergo a transformation to improve its overall functionality and appearance.