Cushman & Wakefield Named Sales Agent for Southern California Warehouse

Cushman & Wakefield has been named exclusive sales agent for 3000 E. Via Mondo, a 119,919-square-foot cross-dock warehouse facility in Rancho Dominguez. Heading the assignment are Rick Kaplan and John Tran of the firm’s Orange County office, who have a long-term relationship with seller Scholle Corp.; Rooney Daschbach and Rusty Smith of the firm’s Long Beach office; and the Irvine-based Capital Markets Group team of Jeff Chiate, Jeffrey Cole, and Ed Hernandez.

“The property is being marketed as a leased investment,” said Chiate, noting that the site is fully occupied by National Retail Transportation (NRT), a major 3PL company with a number of major clients in the apparel and other industries. NRT has been on-site since 2009 and is signed through 2024.

“We have begun showing the property, have conducted a number of tours and are seeing a high level of interest,” said Daschbach. “It is a very unique property because of its excess land—that is so valuable in the South Bay area of Los Angeles County near the ports. Users in this region need areas to store their empty trailers and containers.”

The property’s 15-acre site includes a six-acre paved trailer storage area. Located near Long Beach Municipal and LAX International airports, 3000 E. Via Mondo offers direct frontage along the 91 Freeway and access to the region’s extensive freeway system.

“This offering is a rare institutional-quality industrial asset in an infill location with significant barriers to entry and future redevelopment upside,” said Daschbach. “It is one of the best assets to come on the market in a long time. We expect offers soon and anticipate closing on a sale by the end of this year with, we believe, record pricing.”

Cushman & Wakefield’s industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2014 globally, this group completed more than 8,200 industrial lease and sale transactions, including Capital Markets transactions, totaling nearly 337 million square feet with an aggregate value in excess of $16.8 billion.