Hager Pacific picks up 145K sf industrial complex in South Bay

Adds to investment firm’s sizable portfolio in area

Los Angeles /
Aug.August 13, 2021 01:00 PM
Hager Pacific picks up 145K sf industrial complex in South Bay
13255 S. Broadway and Hager Pacific Properties Managing Partner David Hager (Hager Pacific)

Hager Pacific Properties paid $17.25 million for a South Bay industrial complex, adding to the investment firm’s substantial portfolio of warehouses in the area.

The Newport Beach-based investment firm plans to renovate the two-building, 145,000-square-foot property, according to DAUM Commercial’s Michael Collins, who brokered the sale. Hager Pacific declined to comment.

The complex consists of one 108,000-square-foot building at 13255 S Broadway and a 37,000-square-foot building at 360 W. 132nd Street. Both are fully leased to individual tenants — a fulfillment warehouse and a label manufacturer.

James Herbst of Business Industrial Group previously owned the property, records show.

Hager Pacific will work to remediate environmental issues at what Collins called a value-add property.

The firm owns a number of industrial properties in South Bay, including a 1.2-million-square-foot complex at 19500 Mariner Ave in Torrance.

Last month, a 135,000-square-foot industrial complex in Torrance changed hands for $34.5 million  — bought by investment firms Staley Point Capital and Bain Capital.






    Related Articles

    arrow_forward_ios
    Greenlaw ponies up for OK to develop 177k sf Amazon hub in San Gabriel Valley
    Greenlaw ponies up for OK to develop 177k sf Amazon hub in San Gabriel Valley
    Greenlaw ponies up for OK to develop 177k sf Amazon hub in San Gabriel Valley
    CenterPoint Properties Senior Vice President, Regional Manager Bob Andrews and the warehouse (CenterPoint, LoopNet)
    CenterPoint scoops up Torrance warehouse
    CenterPoint scoops up Torrance warehouse
    Duke Realty fills 199K sf spec warehouse with e-commerce wholesaler
    Duke Realty fills 199K sf spec warehouse with e-commerce wholesaler
    Duke Realty fills 199K sf spec warehouse with e-commerce wholesaler
    The industrial space with Scout Capital Partners CEO Vincent Signorello (Google Maps, Scout)
    Miami-based cold storage firm acquires 350K sf warehouse in City of Industry for $117M
    Miami-based cold storage firm acquires 350K sf warehouse in City of Industry for $117M
    PS Business Parks CEO Mac Chandler and new CFO Adeel Khan (PS Business Parks, LinkedIn via Khan)
    PS Business Parks taps former Rexford exec as CFO
    PS Business Parks taps former Rexford exec as CFO
    LA industrial rents rise as vacancy shrinks
    LA industrial rents rise as vacancy shrinks
    LA industrial rents rise as vacancy shrinks
    Romeo Power CEO Susan Brennan (Romeo Power, LinkedIn via Brennan)
    EV battery firm leaves LA for 200K sf in Orange County
    EV battery firm leaves LA for 200K sf in Orange County
    Rexford sues industrial tenant for nonpayment, a pandemic rarity
    Rexford sues industrial tenant for nonpayment, a pandemic rarity
    Rexford sues industrial tenant for nonpayment, a pandemic rarity
    arrow_forward_ios

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

    Loading...