44,500 SF | Industrial Building | 2.7 AC | $14,560,000
🤝 Represented the Seller
Welcome to this huge commercial property that has a very large warehouse space with property improvements including food processing and cold storage, located just one-mile from the 710 highway and 13 miles to the Port of Long Beach shipping terminal. This 44,500 square foot industrial building on a 2.7 acre lot was just sold at 10615 Ruchti Road in South Gate, California for $14,560,000.
About 10615 Ruchti Road, South Gate, CA
10615 Ruchti Road is a great investment opportunity. The property is 100% occupied, with a triple net lease, and offers a stable cash flow with fixed annual 3% rent increases over the lease term. Inside this huge 44,500 SF food processing and cold storage warehouse facility sits 3000 square feet of offices, 13 Docks with High Doors, 2000 Amps of power, and ample parking around the facility. Stephen White partnered with Essi Shilati, Compass Realtor, to represent the sellers on the the transaction.
10615 Rutchti Road Tennent Details
The lease at 10615 Rutchti Road is backed by BPCP SALSA HOLDINGS LLC, part of Blue Point Capital Partners and its Blue Point III portfolio company, Italian Rose Gourmet Products. This deal was part of the acquisition of La Mexicana Food Products, a fresh, refrigerated salsa manufacturer based in Los Angeles, California. This transaction represents the first add-on acquisition for Italian Rose since Blue Point acquired the platform investment in November of 2017.
Italian Rose, headquartered in West Palm Beach, Florida, is a leading manufacturer and distributor of premium salsas, dips, sauces and spreads to major retail and foodservice channels. The addition of La Mexicana’s West Coast operations to Italian Rose’s East Coast presence will put the combined Company in a select universe of truly national salsa producers, as well as provide increased scale, production diversity and product breadth to both companies’ customers.
Commercial Property in South Gate, California
South Gate, California, is the 17th largest city in Los Angeles that sits on 7.4 square miles of land. Many commercial distributors and manufactures find the South Gate area appealing due to it being centrally located to many logistical hubs and highways across Southern California. South Gate is located only 7 miles southeast of Downtown Los Angeles, and is part of the Gateway Cities region of Los Angeles County.
Commercial business has been a big part of the city of South Gate, many of which attribute to being one of General Motors automobile facility that was originally built in 1936 to manufacture Buicks, Oldsmobiles, and Pontiac vehicles. In the 1940s, the facility was converted to build aircraft engines for the B-24 Liberator, Douglas C-47 Skytrain, and the Douglas C-54 Skymaster. For many decades their commercial building in South Gate severed as their highest producing facility in the world.
Data USA reports that today South Gate is home to many commercial businesses including high-end denim jean distribution, food processing and distribution, automotive companies, marketing companies, leisure and hospitality, and other industrial distribution.
If you are interested in buying, selling, or investing in commercial properties like 10615 Ruchti Road in South Gate, California, contact Stephen White to get started!
