March 23, 2015
Montbello industrial property sells for $6.9 million
A 153,000-square-foot industrial property in the Montbello neighborhood has sold for $6.9 million in an investment sale.
The building is located at 5000 Lima St. in the Montbello Industrial Park and is 100 percent occupied by OnTrac Shipping, an Arizona-based shipping and distribution company.
Prior to the sale, the property’s seller completed $750,000 in improvements, including a new roof, motion-sensor lighting, mechanical equipment renovations and parking lot repairs.
Unique Properties Inc.…