GLENDALE, CA-The principals of Burbank-based San Francis Imports bought a 71,918-sf warehouse at 905 Thompson Ave. from the Minarik Corp. for $5.753 million, according to CB Richard Ellis.

Dave Harding, Greg Geraci, and Matt Dierckman of CB describe the property as high-end industrial space. The three CB brokers represented both the buyer and the seller.

Owner-user San Francis is an importer of religious and gift items. The company’s new facility is a concrete tilt-up structure that was constructed in 1978. It is scheduled to move into the building next year in a consolidation of its warehouse facilities in the San Fernando Valley.

Glendale is one of the tightest industrial markets in Los Angeles County, according to third-quarter statistics from CB Richard Ellis. The third-quarter report shows the availability rate was just over 2% for the $8.56 million sf of industrial space in Glendale, compared with 6.88% overall in Los Angeles County for the third quarter this year.

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