Birtcher Anderson JV Acquires El Monte Industrial for $20M

A joint venture of So Cal’s Birtcher Anderson Realty and Maryland-based Alex Brown Realty has acquired a vacant 160,000-square-foot industrial building in South El Monte, CA for $20.2 million. Located at 11077 Rush St. on approximately six acres, the property is in close proximity to the 10, 60 and 605 freeways.

The partners plan to subdivide for multiple spaces, ranging from 32,000 to 128,000 square feet. Building features include 18-23 foot clearances, nine dock high positions, nine ground level doors, a newly-paved and secured yard, 247 parking spaces and drive around capability.

According to CEO Bob Anderson, the vacant asset was appealing because “The low vacancy rate in the South El Monte and the rest of San Gabriel Valley, coupled with the strong demand in the small tenant market, creates a great opportunity to reposition this building and create a solid investment for us.”

CBRE’s Jason Chao and Case Dahlen represented the seller.

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