CBRE arranged the sale of a 1.43-acre infill industrial site in Lynwood to Prologis for an undisclosed price. Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, Bryan Johnson and Nick Williams with CBRE Investment Properties—California/Arizona/Nevada along with Greg Dyer and Ryan Wengart from CBRE’s Los Angeles South Bay office represented the seller 11511 Bellinger Holdings LLC.
Located at 11511 Bellinger St., the property includes an unoccupied 34,436-square-foot industrial facility that was built in 1930 and supports potential various outside storage uses such as truck and trailer parking. According to Shaffer “Port-served infill industrial sites continue to see strong interest from discerning capital given solid underlying fundamentals despite a relative slowdown.” He further added “Demand continues to outpace supply which could lead to another year of double digit rent growth.”
