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Randolph Business Center Bldg Sells for $92.7M

Distribution Facilty Sold in Commerce
February 7, 2018
Liberty Property Trust acquired the Randolph Business Center building at 5959 Randolph St. in Commerce, CA for $92.7 million, or about $232 per square foot, from Bentall Kennedy and CalPERS.

Built in 2008, the distribution facility totals 400,169 square feet on 16.5 acres in Los Angeles County. The industrial building was 100 percent leased to OnTrac, a major regional shipping provider. It features 59 loading docks and two drive-ins, 30-foot clear heights, a fenced lot and 4,000-amp heavy power.

Michael Condon of Cushman & Wakefield and Zachary Sakowski of JLL represented the buyer. The sellers handled the sale in-house.

Please reference CoStar COMPS #4127684 for more information related to this transaction.
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