OMP Acquires Industrial Property in Los Angeles
Overton Moore Properties (OMP) has acquired the 248,105-square-foot industrial facility at 14555 Alondra Boulevard in La Mirada. The property is fully leased to a high-quality tenant with approximately five and a half years remaining on its lease term. Situated near Interstate 5, this heavy-industrial site features functional attributes such as ample loading options, strong electrical capacity, and an oversized secured yard—features that are rare in infill Los Angeles. The acquisition is expected to provide stable cash flow with contractual annual rent increases through the remaining lease period. OMP's Chief Investment Officer, Pete Cassiano, highlighted the strategic value of this addition to their portfolio due to its attractive yield, durable income stream, and strong market fundamentals in Southern California’s industrial sector.
Topics: infrastructure development Los Angeles market real estate acquisition