Duke Realty Acquires 74,760 SQFT Industrial Asset in Santa Fe Springs for $34MM

Duke Realty, Santa Fe Springs

(EDITOR’S NOTE: According to public records, the property was sold for $34 million, or about $455 per square foot.)

“Warehouse and distribution space is tight across the country and here in Southern California space and land to develop space is scarce,” said Nancy Shultz, president of Duke Realty’s West Region. “We are always looking for these types of opportunities to add existing, yet modern, facilities to our portfolio. With this addition, our Southern California portfolio is now more than 21 million square feet.”

Duke Realty’s acquisition at 13943 Maryton Avenue has a 30-foot clear height, eight dock-high positions with pit levelers at every door and a fully secured 185-foot truck court. The warehouse is well-situated with immediate access to the 5, 605 and 91 freeways.

“Our acquisition strategy remains focused on infill, functional assets in high-barrier tier 1 markets and the acquisition of this modern facility elevates our best-in-class portfolio,” said Isaac Lau, assistant vice president of acquisitions for Duke Realty. “We are continuously pursuing similar acquisition opportunities to meet companies’ warehouse and distribution needs through development and acquisitions.”

Those interested in lease opportunities at 13943 Maryton Avenue can contact listing brokers Chris Sheehan, Connor Reeves, Mike Foley at Colliers and Jake Smith, Duke Realty’s vice president of Leasing and Development in Southern California.