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California  + Los Angeles  + Industrial  | 
11804 Wakeman St

Staley Point and Bain Take Down 55K SF Industrial Asset

A 55,000-square-foot infill industrial asset in the Los Angeles County submarket of Santa Fe Springs was recently acquired by a joint venture between Staley Point Capital and Bain Capital Real Estate. The asset was sold by a family trust for a total consideration of $12.25 million and is located at 11804 Wakeman St.

Casey Mungo of Daum Commercial represented the seller and procured the buyer alongside Daum associate Nate Ortega.

“The buyer has seized a rare opportunity to add a highly desirable industrial asset in Southern California. The property is in a strong infill location with both dock-high and ground-level loading, heavy power and two private fenced yards. The seller was able to capitalize on the active and highly competitive current industrial real estate market,” explains Mungo. “Based on our depth of experience and the buyer’s persistence and vision, we were able to bring this complex transaction to the finish line and pave the way for significant value creation.”

Daum has been retained as the exclusive listing agent for this property. Greenberg Traurig LLP served as legal counsel to Staley Point Capital for the transaction. JLL Capital Markets will arrange the loan financing.

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Casey Mungo

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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