February 14, 2019
San Diego-based Westcore Properties acquired a 4.37-acre industrial property at 555 West Danlee in Azusa, CA for $8.8 million. The seven buildings on the site total 47,000 square feet. The seller was Heppner Hardwoods, Inc., a specialty lumber wholesaler that developed the site for its own use in 1984.
Westcore’s Mike Metzger says, “We are excited about this investment, as it is a well-located, central in-fill site in a land-constrained, 1.4%-vacant industrial market. The property has strong leasing prospects in its current condition, and offers an option for future development.”
The site is 100% concrete-paved and includes multiple ingress/egress points as well as proximity to the Foothill (210) Freeway and the San Gabriel River (605) Freeway.
Colliers International’s Scott Heaton and Riley Heaton represented the seller in the transaction, while Westcore was self-represented.
For comments, questions or concerns, please contact Dennis Kaiser