Offers are due on or before Wednesday, January 28th via email to michael.longo@cbre.com and jonathan.garrick@cbre.com.
CBRE, as an exclusive broker, is pleased to present the unique opportunity to acquire La Mirada Commerce Center, five institutional quality small-bay industrial buildings totaling 73,393 SF located at 14747 Artesia Blvd in La Mirada, CA, The Park is 94% leased to 33 diverse tenants with staggered rollover and 1.8 years of WALT. This is a unique opportunity to acquire institutional quality small-bay product with strong in-place cash flow and historical occupancy.
La Mirada Commerce Center is highly functional with 48 grade-level loading doors (at least 1 door in every unit) and abundant auto parking with 147 spaces. The buildings are ideally sized for this market, with suite sizes ranging from 1,200 - 6,386 SF, accommodating a wide range of tenants.
The Park is strategically located in the supply-constrained Mid-Counties market, where there is only 1.8% vacancy in the less than 25K SF size range. This mission critical location offers immediate I-5 freeway access, and proximity to over 11.4 million people and 5.1 million employees within 30 miles of the site. The property’s central, infill location is ideal for users that serve the Los Angeles, Orange County and Inland Empire markets.