* 100% occupied with a strong historical occupancy with ±9.31 years of weighted average lease term from inception * Mark to market opportunity with a WALT of ±2.3 years and ±8.0% below market rents * Strong leasing activity: 3 recent renewals and 2 new leases * The Property is located in one of the strongest industrial markets in the country. In Q4 2023, Los Angeles recorded one of the lowest vacancy rates in the country (1.8%) and rents in the San Gabriel Valley submarket experienced a 66% 3-year YoY increase. * Significantly below replacement cost which is estimated to be approximately $631 PSF * Attractive unit sizes ranging from 1,176 SF to 5,328 SF * Located in the City of Irwindale with access to executive & affordable housing and large labor bases * High demand small bay space with no competing construction in San Gabriel Valley (less than 25,000 SF) * Proximate to I-210, I-605, I-57 and I-10