San Diego-based Westcore acquired a 69,360-square-foot industrial warehouse located at 19516 South Susana Rd. in Rancho Dominguez for $11.75 million. The seller and owner, Ocean Knight Shipping, will vacate the building, and Westcore plans to make extensive renovations.
Westcore’s Mike Metzger says, “We are confident this highly functional property will meet the current demand of market users, and we anticipate strong leasing demand.”
The property has seven dock-high doors and two grade-level doors, clear heights up to 24 feet, 1600 amps of 480V power, 4,000 square feet of office space, and excellent visibility from the 710 freeway.
Westcore plans to fully rehabilitate the property to provide move-in ready improvements for a highly functional Class B distribution property located in an A+ market with strong fundamentals.
Daum Commercial’s Andrew Lara, Jordan Lara and Rudy Lara represented both parties in the transaction and will market the property for lease.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.