Gigabyte Technology Buys LA County Industrial Building
Daum Commercial Real Estate Services has directed the acquisition of a 56,000-square-foot, Class-A industrial asset in City of Industry, CA. The firm’s Nathan Lara represented the buyer, Taiwan-based Gigabyte Technology, which plans on using the building for their own business purposes. Terms of the deal were not disclosed.
“In the past year, there were only a handful of user sales on spec development within the Greater Los Angeles and Inland Empire market,” said Lara in a news release. “Users seeking building ownership can still acquire within these regions, but must be willing to be creative, proactive and move quickly.”
The freestanding building, located at 1020 Wallace Way, is situated on 2.5 acres and features 30’ clear height, five dock-high loading positions, one ground-level door and 91 parking spaces. It also has 800 amps of power coupled with the newest LED security lighting and technology.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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