Los Angeles, CA –– NAI Capital Commercial is pleased to announce that Executive Vice Presidents John S Archibald and Guillermo Olaiz along with Senior Associate Stephen Lam represented the landlord, a trust, in leasing a manufacturing facility totaling 20,000 square feet in Azusa, California.
The property is located at 968 W Foothill Blvd, in the heart of the San Gabriel Valley’s highly sought-after industrial 210 Corridor. It was built in 2000 and is a freestanding single-tenant, concrete tilt-up facility with exceptional features, including a 20-foot minimum clear height manufacturing space, 1,200 amps of electrical power, and both dock high and ground level loading. The strategic location of the property ensures quick access to the 210, 605, and 57 Freeways, and it is conveniently positioned in Los Angeles County, just minutes away from the Inland Empire.
John stated, “The competition for manufacturing/warehouse space remains intense in this size range, with limited availability. This exceptional facility, situated in a prime San Gabriel Valley transportation hub, offers the new tenant a strategic location for expanding their business operations.”
Guillermo noted, “With its 20-foot clear height and 1,200-amps of electrical power, and the ‘Lower Electricity Cost’ of Azusa Water & Power jurisdiction, we targeted those users with high electricity demand that would benefit the most from the 54% lower than the average electricity rate for California.”
Stephen added, ‘With its proximity to the thriving Inland Empire, this building offers an ideal location for the new tenant’s expanding business.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 300 brokerage offices and over 5,100 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
