OMP Acquires 248,000-SF Industrial Facility in La Mirada, CA
Overton Moore Properties has purchased a large infill industrial building in the Los Angeles area, citing strong in-place cash flow.
Overton Moore Properties has acquired a 248,105-square-foot industrial facility at 14555 Alondra Boulevard in La Mirada, California, the Torrance-based real estate firm announced Thursday. The transaction adds a substantial infill asset to OMP's Southern California portfolio.
The company described the acquisition as offering strong in-place cash flow and an attractive going-in yield, signaling that the property is already leased and generating revenue at the time of purchase. Infill industrial assets in the greater Los Angeles market have remained highly sought after by investors due to constrained land supply and persistent tenant demand for last-mile logistics space.
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La Mirada sits within the mid-counties submarket of Los Angeles, a densely developed corridor that links major distribution hubs and provides access to regional freeways, making it a strategic location for warehouse and logistics tenants. Acquiring stabilized assets in such markets has become a common strategy for institutional industrial owners seeking reliable income streams amid broader economic uncertainty.
OMP did not disclose the purchase price or the identity of the seller in its announcement. The deal underscores continued investor confidence in Southern California industrial real estate despite elevated interest rates that have pressured cap rates and deal volume across commercial property sectors nationally.
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