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

TRD 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
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
The building at 8201 Woodley Avenue and Blackstone CEO Stephen Schwarzman (Credit: Google Maps)

Blackstone pays $83M for pair of industrial properties in Van Nuys

Blackstone pays $83M for pair of industrial properties in Van Nuys
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Rexford Industrial adds to LA portfolio with $100M in acquisitions
Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more
3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Luzzatto Co. assembling creative office hub in West Adams
Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Faring makes $30M assemblage play on WeHo/LA border
arrow_forward_ios

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

Loading...