West Harbor Capital, a real estate investment firm focused exclusively on infill industrial properties, acquired a 33,673-square-foot industrial building located at 2551 Santa Fe Ave. in Redondo Beach. West Harbor immediately launched a repositioning plan to enhance the vacant property’s functionality and image.
“This acquisition aligns with our strategy to expand our portfolio of high-quality infill logistics assets with significant long-term value potential,” said West Harbor managing partner and co-founder Eric Ruehle. “We are focused on growing our presence in Southern California, given the sound fundamentals and basis value available in the market today.”
Marketing efforts will be led by Kidder Mathews’ Andrew Dilfer, Luke Staubitz and Harvey Beason. Located west of Interstate 405 between Los Angeles International Airport and the ports of Los Angeles and Long Beach, the property features eight dock-high and one grade-level loading positions. Its location makes it suitable for a variety of tenants.