CBRE, Inc. is pleased to present an excellent opportunity to acquire 240 N. Orange Avenue (“The Property”), a ±206,620 SF industrial building with an additional 228,108 SF of yard in the highly desirable San Gabriel Valley market.
The Property is located in one of the strongest industrial markets in the country, one mile from the I-605 and I-10 interchange, offering access to 14.6 million people within a one-hour drive. Los Angeles is one of six industrial markets in the U.S. with a sub 4% vacancy rate, and the infill San Gabriel Valley submarket has seen 18% average annual rent growth since 2014. With less than half a million square feet of space under construction in San Gabriel Valley, the Property offers the potential for tremendous rent growth.