COMMERCE, CA – Cushman & Wakefield is pleased to offer for sale, Randolph Business Center, a 100% net-leased warehouse distribution facility totaling 400,169 square feet. The facility is situated on 16.5 acres and located in one of the most desirable industrial markets in the nation.
The property, located at 5959 Randolph Street in Commerce, Calif. is leased to OnTrac, a major regional shipping provider, and serves as one of the tenant’s most critical operations facilities on the West Coast. This investment offering is a rare institutional-quality opportunity to acquire a newer (2009), Class-A industrial asset in the prime Central Los Angeles County submarket, which has a vacancy rate of 3.7%. The sale may set a high watermark for pricing in the market. The property was developed as a venture between Western Realco and CIGNA.
The property benefits from its rare, oversized secure yard area, 59 dock-high positions, drive-around access, 30-foot clear height, ESFR, 165’ concrete truck court and ease of divisibility. It is strategically located within 15 miles of The Ports of Los Angeles and Long Beach and the Los Angeles International Airport, with immediate access to the 710 Freeway and Interstate 5. It is within 10 miles of the 10, 60, 605, 105 and 91 Freeways.
For more information, please contact Jeff Chiate, Jeff Cole or Ed Hernandez of Cushman & Wakefield at 949-474-4004. Market experts are John McMillan and Jeff Sanita at 310-516-9100.
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.