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SoCal Cold Storage Warehouse Doubles Price in 7 Months

Thor Equities pays $85M for 158K SF facility leased to Anheuser-Busch that traded for $36M in January.

By Jack Rogers | July 14, 2022 at 06:49 AM

Just when you thought sale prices for industrial properties in SoCal couldn’t get any higher comes an eye-opening $535-per-square-foot deal on a cold-storage warehouse that the seller bought for less than half of that amount in January. 

Thor Equities and PFA, a Danish pension fund, have acquired for $85M a 158,800 SF industrial property leased to Anheuser-Busch in Santa Fe Springs, a suburb of Los Angeles. The sellers, Staley Point Capital and Bain Capital, acquired the $36M asset in January with a loan from Mesa West Capital.

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