DAUM Completes $34M Sale of Industrial Development Site

DAUM Commercial Real Estate Services has completed the $34M sale of a 5-acre land parcel in Santa Fe Springs, CA. The buyer, Rexford Industrial, plans to build a 108,000-square-foot, Class A warehouse facility at the site situated at 13711 Freeway Drive.

“The seller had an irreplaceable location in the Mid-Counties area of Los Angeles County, ideally suited for e-commerce distribution,” said DAUM’s Jordan Lara who represented the seller and procured the buyer. “With its close proximity to highway transportation routes and direct access to the Ports of LA and Long Beach, we were able to complete a win-win transaction.”

Rexford’s Patrick Schlehuber added in the news release,” The city was in the process of downzoning the subject property and adjacent neighbors. We worked to maintain the current zoning for both industrial and commercial uses, which will allow us to deliver much needed new Class A space to the market.”