{"id":1004547378,"date":"2021-08-13T05:15:42","date_gmt":"2021-08-13T13:15:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004547378"},"modified":"2022-12-08T23:30:27","modified_gmt":"2022-12-09T07:30:27","slug":"hager-pacific-buys-la-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/","title":{"rendered":"Hager Pacific Buys LA Distribution Center"},"content":{"rendered":"
\"\"<\/a>

13255 S. Broadway and 360-366 W. 132nd St. Image courtesy of DAUM Commercial Real Estate Services<\/p><\/div>\n

Hager Pacific Properties has acquired a 145,000-square-foot distribution center in Los Angeles\u2019 South Bay area for $17.3 million. DAUM Commercial Real Estate Services arranged the transaction on behalf of the seller, a private investor.<\/p>\n

Located in the Willowbrook neighborhood at 13255 S. Broadway, the property situated on 5.3 acres encompasses a 108,000-square-foot building and a second 37,000-square-foot warehouse. The asset offers roughly one parking space per 1,000 square feet and a 122-foot truck court, according to CommercialEdge data.<\/p>\n

The distribution center is some 12 miles south of central Los Angeles via the nearby Harbor Freeway and roughly 10 miles east of Los Angeles International Airport.<\/p>\n

At the time of the transaction, the multi-tenant property was fully leased. California Label Products has been anchoring the property since 1998. The Regan Group Fulfilment Warehouse is the tenant of the second building.<\/p>\n

Value-add strategy in crowded market<\/h2>\n

California-based Hager Pacific Properties specializes in acquiring and renovating old, environmentally impacted or underperforming industrial properties. The strategy might prove valuable in gateway markets where warehouse supply is scarce.<\/p>\n

Los Angeles industrial continues to display one of the country’s most stable fundamentals<\/a>. According to a recent CommercialEdge report, the metro led the U.S. for industrial rent growth, at 6.7 percent year-over-year as of June. The metro’s average vacancy rate also remained among the lowest nationwide, clocking in at 3.5 percent, outperformed only by Inland Empire\u2019s 1.6 percent among major metros.<\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The property is located 10 miles east of Los Angeles International Airport.<\/p>\n","protected":false},"author":1366,"featured_media":1004547379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1594,21742,15],"tags":[36351,34824,35802],"class_list":["post-1004547378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-capital-improvement","tag-daum-commercial","tag-hager-pacific-properties"],"acf":[],"yoast_head":"\nHager Pacific Buys LA Distribution Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hager Pacific Buys LA Distribution Center\" \/>\n<meta property=\"og:description\" content=\"The property is located 10 miles east of Los Angeles International Airport.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-13T13:15:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:30:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/13255-S.-Broadway-360-366-W.-132nd-St..jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/\",\"name\":\"Hager Pacific Buys LA Distribution Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/13255-S.-Broadway-360-366-W.-132nd-St..jpg\",\"datePublished\":\"2021-08-13T13:15:42+00:00\",\"dateModified\":\"2022-12-09T07:30:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/03646a053de86ceb3a62b2e43105f49d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hager-pacific-buys-la-distribution-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/13255-S.-Broadway-360-366-W.-132nd-St..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/13255-S.-Broadway-360-366-W.-132nd-St..jpg\",\"caption\":\"13255 S. 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