Dedeaux Properties sells industrial campus to local owner-users for $50M

The buildings are smaller than the average industrial space

TRD LOS ANGELES /
Jul.July 23, 2018 10:30 AM
Business park with seller, Brett Dedeaux

Dedeaux Properties, a Commerce-based industrial real estate firm, sold its new industrial business park to a variety of local owner-users for $50 million, The Real Deal has learned.

The City of Industry campus includes seven buildings ranging from 27,500 – 43,200 square feet, which are located at 801 – 821 Echelon Ct. That’s smaller than most industrial buildings in the area, which typically span over 100,000 square feet.

Each two-story building also features dock-high and ground-level loading, as well as an open office design. Construction was completed earlier this year.

Brett Dedeaux, principal at the family-run firm, said there’s been “pent-up demand” for modern facilities with amenities. That, coupled with low-supply, provided for “strong interest” in the property.

Dennis Sandoval, Bob Dipre, Bryan Sandoval and Kurt Yacko at DAUM Commercial had the listing. CoStar first reported the news.

The industrial market in L.A. remains one of the hottest, with vacancy rates for newer industrial spaces at 1.1 percent, according to a market report published in July. That’s driven up sales prices for some of the older product on the market, causing some firms to look elsewhere, like the Inland Empire.

The City of Industry is a winding 12-mile long municipality that is home to just 440 residents, but has numerous industrial properties.

Some of the city’s big recent trades include the $20.5 million sale of a 5.4-acre vacant industrial development site to a San Francisco-based food wholesaler, and Charles Dunn Co.’s $51 million sale of a 300,000-square-foot industrial building in February.


Related Articles

arrow_forward_ios
6277 E. Slauson Avenue, and from left: Prologis CEO Hamid Moghadam and Rexford Industrial co-CEOs Howard Schwimmer and Michael Frankel (Credit: Google Maps)

Rexford buys industrial property from Prologis for $41M

NAI Capital Vice President of Research, Marketing, and Communications J.C. Casillas and the Port of Los Angeles (Credit: iStock)

LA’s industrial market may be at max capacity

Transwestern CEO Carleton Riser and the Inland Empire property

Inland Empire’s industrial reign continues as Transwestern buys massive Eastvale warehouse site

Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

From left: Prologis CEO Hamid Moghadam, and Randall L. Stephenson, chairman and CEO of AT&T Inc, with the site

Industrial powerhouse Prologis picks up 11-acre property in Commerce

ASB CEO Robert Bellinger and Columbia Business Park

This industrial deal was one of the biggest acquisitions ever in Inland Empire

CIO Matt Evans, COO Alan Kraft and Todd Platt, CEO of Hillwood with Dedeaux Sycamore Canyon Distribution Park

Dedeaux Properties buys 1M sf industrial portfolio in Inland Empire

Lonzo Ball and the warehouse (Credit: Getty Images)

This just-traded LA Laker just sold his South LA warehouse

arrow_forward_ios