This property is in the South Bay area of Los Angeles and is considered a key logistic hubs in the United States that is the most supply constrained. It is close to both ports of Long Beach and Los Angeles, dense population centers, and major transportation corridors such as Interstate 110 and Interstate 405, positioning it to serve last mile distribution and regional needs.
A Fortune 50 food and beverage business fully occupies the property. Among the features of the property are loading that is dock high on the south side, van-height loading on the west and east sides, multiple charging stations for electric vehicles, and 12 percent high-quality build-out of office space.
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Global Head of Non-Traded REITs at EQT Real Estate, LLC., Ali Houshmand, said:
“This acquisition reflects our continued conviction in the long-term fundamentals of industrial real estate. Southern California is one the tightest and most strategically important logistics markets in the country, and this investment sits squarely within EQRT’s investment strategy of stabilized, income-oriented properties critical to modern supply chains and positioned for sustainable, long-term demand.”
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