McMurray Stern - Santa Fe Springs

Asset Type

Industrial & Logistics

Address
15511 Carmenita Rd Santa Fe Springs, CA United States 90670-5609
Asking Price

Contact for pricing

Sq Footage

28,542

Year Built

1998

Cap Rate

N/A

Additional Attributes
Current / Passing Rent S$606,100
Escalations 2.5% annual
Lease Commencement 2019-09-02
Lease Expiration 2034-09-29
Lease Type NNN
Options 4, 5-year options
Rent Commencement 2019-09-02
Tenant McMurray Stern Inc

Property Description

Free-standing, single-tenant McMurray Stern headquarters for sale just off of Interstate 5 in one of the most robust industrial submarkets of southern California. McMurray Stern is a leader in space solutions and storage, and this location has housed its distribution and corporate offices since 1998. The property is just 13 miles away from the two largest ports by container volume in the United States, the Port of Los Angeles and the Port of Long Beach.

Investment Highlights

  • Fee simple interest
  • Property includes an absolute NNN lease structure with 15 years remaining
  • Annual rental increases of 2.5%
  • Rare opportunity to acquire a stabilized flex headquarters asset with a completely passive ownership structure
  • McMurray Stern forecasts a 66% increase in revenue this year
Listing Contacts
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
Luke Mcdaniel
Luke Mcdaniel
Senior Vice President
+65 3159 4021
RE License #01203625
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