Xebec Picks Up 10 Acres, Plans Mid-County ‘Last Mile’ Development
Xebec acquired a 10-acre infill/last mile industrial site in SoCal’s Mid-Counties submarket, and plans to develop a 233,789-square-foot Class A industrial warehouse as part of a joint venture with a U.S. private equity investment firm. The site at 8201 Sorensen Ave. in Santa Fe Springs is in an industrial pocket near the intersection of Interstate 5 and Interstate 605.
Xebec’s Jay Soni says, “We were attracted to this opportunity because this site is located in a submarket with a vacancy rate of less than one percent with a seemingly insatiable demand for warehouse space. This modern Class A warehouse will help meet the demand from companies who are eager to expand into the region to service the Greater Los Angeles market.”
Xebec anticipates it will begin construction in Q2 2019 with a 12-month construction timeline. The planned facility will have 36-foot clear heights and ESFR sprinklers, and feature 270 parking spaces.