ECO EXPRESS INTERNATIONAL EXPANDS AND RELOCATES LOS ANGELES OPERATIONS WITH PURCHASE OF INDUSTRIAL BUILDING IN GARDENA


July 30th, 2019

The Klabin Company Represents Transportation Services Firm in $5.885 Million Transaction for 25,000 Square Feet in Prime Industrial Location

(july 24, 2019 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it negotiated the purchase of a 25,000-square-foot industrial building at 15401 S. San Pedro Street in Gardena, Calif.

The Klabin Company’s Tyler Rollema and Matthew Stringfellow, SIOR, represented the buyer, ECO Express International, an expanding transportation services firm, in the $5.885 million transaction. The property was bought from Ken United, Inc. The seller was represented by Jim Klein of Klein Commercial Real Estate.  

According to Rollema, ECO Express was in the market to buy a building to fill its need for more yard space, and an overall interest in investing in its own property. With the purchase, it will relocate its Los Angeles operations from a property it had been leasing for seven years at 375 W. Victoria Street in Compton. In order to finalize the purchase of 15401 S. San Pedro Street and obtain loan approval, ECO Express first needed to sublease its previous location, something The Klabin Company also assisted it in accomplishing.  

“ECO Express had more than two years left on its lease in Compton, but when we located the building in Gardena, it wanted to move quickly on the purchase,” said Rollema. “This required us to market its existing building for sublease while in escrow. Fortunately, we were able to secure a sublease and execute a timeline that allowed Eco Express to move into its new building and the subtenant to move into Victoria when escrow closed, so both parties were very pleased.”

From its new location in Gardena, ECO Express will continue to operate its ground transportation service throughout the western United States. The property features multiple dock-high positions with truck doors and an expansive yard to accommodate the company’s large fleet of trucks.

“ECO Express’ new building benefits from convenient access to major interstate freeways and other transportation centers in the region for expedient deliveries,” said Rollema. “The Unincorporated L.A. County strip along the 110 Harbor Freeway corridor continues to attract transportation-related users and this sale is an example of matching the right property with the right company so it can continue to grow and operate without being incumbered by local municipalities.”

About The Klabin Company/CORFAC International

Now in its sixth decade, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. With clients around the world, The Klabin Company specializes in industrial, office, investment and development services. It combines cutting-edge research and analysis with years of experience to keep abreast of ever-changing market dynamics to ensure the best possible value for its clients in every facet of its business. The firm is affiliated with CORFAC International. For more information go to www.Klabin.com

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 47 firms in the U.S., 6 in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017. Contact CORFAC at (224) 257-4400 or www.Corfac.com.