A distributor of kitchen area appliances and lavatory fixtures has leased the place for 10 many years.
Snyder-Diamond Corp., a distributor of kitchen appliances and rest room fixtures, has agreed to occupy 76,000 square toes of industrial space in the burgeoning Simi Valley, Calif.
Lee & Associates brokered the $13.9 million, 10-12 months lease on behalf of the landlord, Rexford Industrial Realty, even though Peak Business represented the tenant.
Built in 1989, the industrial facility at 2390 Ward Ave. features 138,700 sq. toes of rentable space with loading doors, dock leveler, dock bumpers, sky lights, fireplace sprinklers and HVAC climate command devices.
The house also delivers 6,600 square feet of devoted workplace room, along with 347 parking spaces in a 2.5 spaces for every 1,000 sq. toes parking ratio, according to CommercialEdge data. Other tenants at 2390 Ward Ave. include things like All American Containers and Ricoh, according to the identical information company.
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The residence is situated on 7.7 acres in the Simi Valley/Moorpark space. The submarket ended the to start with quarter of 2022 with 162,127 square feet of vacant industrial area reflecting a vacancy amount of just 1.2 p.c, as desire continues to outpace provide.
Rexford Industrial bought the industrial facility in 2017 for $16.5 million. Energetic in the Southern California industry, the enterprise has not long ago acquired a further 4 industrial property in Extensive Beach, Chatsworth, Eastvale and Santa Fe Springs, in an off-market transaction, for a merged $82.7 million.