Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-A private investment group has paid $7.4 million for an industrial building in the Wilmington area.

The 148,186-sf building stands at 920 Pacific Coast Highway. It sits on an 8.3-acre parcel.

The buyer is Wilmington LLC, a private partnership. It was represented in the transaction by Bradley H. Gibbons of the local Commercial Property Group.

The seller is an LA-based partnership known as SCIF Wilmington LLC. It was represented by Howard Schwimmer and Chuck Brill of Daum Commercial Real Estate.The industrial vacancy rate countywide has dropped into the low single digits, as demand continues to outstrip supply. Though sale prices and rents have recently softened, brokers say the long-term outlook remains good because there is little space available for additional development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.