LONG BEACH, CA-Kendrick Construction has acquired one of the last industrial buildings in the city with frontage on the 710 Freeway, a facility at 100 W. Victoria St. Kendrick bought the 219,000-sf industrial facility from Proficiency Capital for nearly $12.4 million, according to Peter Castleton of Voit Commercial, who, along with the Klabin Co., Voit’s Corfac International partner, represented both the buyer and the seller.As one of the last large industrial properties available with 710 freeway frontage visibility, the building constitutes “a valued asset with tremendous redevelopment potential,” Castleton says. The property is leased by Invensys Climate Control, a designer and manufacturer of climate control consumer products, until April 2007. Kendrick plans to hold the site as an investment property and will redevelop the building for higher and better use once the Invensys lease ends, Castleton says.The Kendrick purchase was one of two industrial sales reported in Long Beach recently. In the other, Grubb & Ellis Co. reports that Discount Storage, a Los Angeles-based self-storage company, bought a 33,840-sf industrial building at 1000 New York St. from locally based Page Family Trust for $1.2 million and plans to convert the four-story building to a self-storage facility. Brian Held and Dennis Ingram of the South Bay office of Grubb & Ellis represented the buyer and the seller.In an Inglewood transaction, a private individual bought a substantially improved 28,000-sf industrial building formerly occupied by Rocker Bros. from Rocker Revocable Trust for $1.5 million, according to Luke Staubitz and Harvey Beesen of the Klabin Co. The Klabin principals report that the investor has occupied the building, which is located at 420 E. Hyde Park Blvd. Staubitz and Beesen represented the seller, with ANR Asset Management Brokerage representing the buyers of the concrete tilt-up free-standing building, which features freezer and cooler space, plus 2,000 sf of office space and six truck-high loading positions.

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