Monster Beverage affiliate guzzles down industrial project in San Fernando

The seller, Overton Moore, develops and still owns a number of industrial and office properties in the San Fernando Valley

Los Angeles /
Oct.October 21, 2019 04:00 PM
510 Park Avenue and CEO of Monster Beverage Rodney Sacks
510 Park Avenue and CEO of Monster Beverage Rodney Sacks

An affiliate of energy drinkmaker Monster Beverage Corp. has acquired an under-construction warehouse in the San Fernando Valley.

American Fruits & Flavors of Pacoima paid $33.7 million for the 168,676-square-foot industrial building, county records show. The property is located at 510 Park Ave. in San Fernando.

The seller is Overton Moore Properties, which has developed and still owns a number of industrial properties around Southern California. The Gardena-based company did not immediately comment on the sale.

American Fruits & Flavors did not return a call for comment. The company was sold to Corona-based Monster for $690 million in 2016.

Overton Moore specializes in industrial, self-storage and office properties, and is also active in Arizona, Utah and Nevada. Earlier this month, the company said construction would begin on Avion Burbank business park, an 18-building, 1.25 million-square-foot office, retail and hotel complex at 3001 N. Hollywood Way.


Related Articles

arrow_forward_ios
Anaheim Ducks' Henry and Susan Samueli; 2695 E. Katella Avenue (OCVibe, Anaheim Ducks)
Anaheim Ducks owners envision $4B entertainment village
Anaheim Ducks owners envision $4B entertainment village
 30801 South Coast Highway (Montage Hotels, Getty)
Chinese insurer to sell Montage Laguna Beach for $700M
Chinese insurer to sell Montage Laguna Beach for $700M
Charles Company's Mark and Arman Gabay and a rendering of 550 E. Colorado Boulevard in Pasadena (WATG)
195-room hotel planned for Pasadena’s Playhouse District
195-room hotel planned for Pasadena’s Playhouse District
Bardas Investment Group's David Simon with 6311 Romaine Street
Hollywood’s Television Center readies for $600M makeover
Hollywood’s Television Center readies for $600M makeover
Century Plaza project at 2025 Avenue of the Stars and Woodbridge Capital Partners' Michael. Rosenfeld (CoStar)
Stake in the Century Plaza Hotel heads to auction block
Stake in the Century Plaza Hotel heads to auction block
Valley Central at 44400 Valley Central Way in Lancaster (Google Maps, Getty)
Lancaster shopping center trades for $45M
Lancaster shopping center trades for $45M
UCLA chancellor Gene Block; former Marymount California University campus (UCLA, MCU)
UCLA pays $80M for former Marymount California campus
UCLA pays $80M for former Marymount California campus
IDS Real Estate Group’s co-CEOs David Mgrublian and Murad Siam with Irwindale Speedway at 500 Speedway Drive in Irwindale (Irwindale Event Center, IDS Real Estate, Getty)
Irwindale Speedway site to transform into industrial park
Irwindale Speedway site to transform into industrial park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...