CBRE Facilitates $58.5 Million Sale of Fully Leased Industrial Asset in La Mirada, California

CBRE facilitated the $58.5 million sale of 14555 Alondra Blvd., a 248,105-square-foot industrial facility in La Mirada, California to OMP. CBRE National Partners West’s Joe Cesta and Eric Cox represented the seller, Brookfield, in the transaction. Val Achtemeier, Mark Fluent and Matt Schmidt with CBRE’s Debt & Structured Finance practice secured the financing.

The property is fully leased to MEI Industrial Solutions and supports the movement, storage and transportation of equipment for the aerospace, medical, and data center construction industries. The asset includes a large, secured yard, flexible industrial zoning and direct access to Interstate 5, State Route 91 and Interstate 605.

Located on 13.5 acres, the facility features up to 22-foot clear heights, 11 dock-high doors, 20 drive-in and at-grade loading positions, extensive trailer parking and 1,600 amps of power. MEI recently expanded into the neighboring property at 14659 Alondra Blvd., increasing its presence in the area to approximately 450,000 square feet and further demonstrating its long-term commitment to the location.

“Institutional investors continue to be attracted to well-located industrial assets that offer durable cash flow, strong tenancy and strategic access to Southern California's supply chain infrastructure,” said Joe Cesta, Executive Vice President at CBRE. “14555 Alondra Boulevard combines a long-term lease commitment from a growing tenant with exceptional connectivity to the Ports of Los Angeles and Long Beach, making it a highly compelling investment opportunity.”

The property's proximity to the Ports of Los Angeles and Long Beach, and its access to major transportation corridors, position it as a strategic distribution hub serving the greater Los Angeles, Orange County, and Inland Empire regions.

According to CBRE Research, industrial buildings larger than 200,000 square feet in the Mid-Counties submarket have achieved average annual rent growth of approximately 14% since late 2020 while maintaining an average vacancy rate of 2.9%. Additionally, only one industrial property exceeding 200,000 square feet is currently under construction in the submarket, and it is fully preleased, underscoring continued supply constraints for large-format industrial space.