THE KLABIN COMPANY BROKERS SALE OF TRUCK AND CONTAINER YARD NEAR PORT OF LOS ANGELES

The Wilmington property, currently leased to a leading intermodal logistics firm, sells for $6.55 million to Bridge Logistics Properties.  

(July 11, 2023 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the sale of a 38,038-square-foot truck and container yard at 336 E. D Street in Wilmington near the Port of Los Angeles.

The Klabin Company’s Tyler Rollema, SIOR, and Matt Stringfellow, SIOR, represented both the seller, the Lacy Family Trust, and the buyer, Bridge Logistics Properties (BLP), in the $6.55 million transaction.

The site, which includes a 5,500-square-foot warehouse/office building, is currently leased to Road One, a leading single source intermodal, warehouse and logistics services company. The port adjacent property features three ground-level doors, almost 18’ of clear height and a secured, paved yard.

BLP is a vertically integrated logistics real estate investment manager led by tenured, multi- disciplinary real estate veterans with experience navigating several economic environments over the past three decades. Its founding members and leadership team employ a disciplined investment strategy that is both cycle-tested and innovative. BLP is a value-focused investment manager that is highly collaborative with its institutional capital partners. Leveraging its deep local relationships and global vision, BLP uncovers and executes value transactions in targeted coastal and gateway markets in the U.S. and abroad.

“The property at 336 E. D Street is a turn-key container yard with a financially secure tenant that also has significant market-to-market upside when the existing lease expires this November,” said Rollema. “With its proximity to the ports of Los Angeles and Long Beach, LAX and several freeways, it was an attractive purchase for BLP as it continues to grow its portfolio. We look forward to working with the BLP team this fall on securing a new long-term lease for its asset.”

About The Klabin Company/CORFAC International

Now in its seventh decade of operation, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. Built on the principles of an open and enduring culture, the company has maintained its independence as a privately-owned business since 1961. The Klabin Company emphasizes how the sharing of information, experience and relationships among all colleagues works to everyone’s advantage. The firm is dedicated to the needs of its clients, and through this commitment, it has remained successful for years. The Klabin Company is affiliated with CORFAC International. For more information go to www.Klabin.com.  

About CORFAC International

CORFAC International is a global network comprising private held entrepreneurial commercial real estate 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 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Contact Jonathan Salk, CORFAC Executive Director, at (224) 257-4400 or jonathan@corfac.com or visit www.corfac.com.

The Klabin Company represents both Seller and Buyer in the $6.55 million sale of a 38,038 square foot truck and container yard in Wilmington, CA.