CenterPoint Acquires 155,425 SF in Vernon, CA
Posted By Staff Writers On September 10, 2018 @ 3:25 pm
OAK BROOK, IL – CenterPoint Properties is proud to announce the acquisition of a 155,425 SF facility at 4633 South Downey Road in Vernon, California. Located on 6.49 acres, the building is rail-served and fully leased by a national retail operator. Jack Cline of Lee & Associates represented the seller in the transaction.
“The proximity to Downtown Los Angeles combined with an oversized truck court make this an extremely rare asset,” said Ryan Dunlap, Senior Vice President of Investments at CenterPoint. “We are confident this asset will continue to position well for both e-commerce and reverse logistics.”
The site includes one of the premier truck courts in the Vernon submarket. The asset is situated less than one mile from the BNSF and UP Intermodals. With direct access to I-710, I-110 and I-5, the site can accommodate up to four daily trips to the Ports of Los Angeles and Long Beach located 21 miles away. Property features include 22 dock high doors, 24’ clear height, 56 car parking positions and 10 trailer parking positions.
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The Company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 58.9 Million SF and 2,386 acres under development in the Company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit centerpoint.com or follow @centerpointprop on Twitter.