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Los Angeles

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

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.

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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.

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Commercial Real EstateIndustrialOverton Moore Properties