Thor Equities Group and Danish pension fund PFA announced the acquisition of 12065 Pike St. in Santa Fe Springs near Los Angeles: a premier cold storage warehouse fully leased to the world’s largest brewing company, Anheuser Busch.
Thor Equities and PFA have been partnering since 2016 to acquire, develop and operate best-in-class assets and have established the Thor PFA USA Industrial Fund and Thor PFA European Mixed-Use Fund.
Situated on 8.7 acres, the asset includes two buildings totaling 158,800 square feet and features 16 exterior docks, 25’ clear heights, a 110-foot truck court, and excess land for fleet and trailer parking, a rarity in the Los Angeles market. Located in the Mid-Counties submarket of Los Angeles with access to Interstates 5 and 605, the property is 17 miles from Downtown Los Angeles and 24 miles from the Port of Los Angeles.
“This acquisition offers a rare opportunity to invest in one of the most desirable asset classes and industrial markets in Southern California. Given the proximity to the largest port in the U.S. and accessibility to a large population, the location is ideal for cold storage, and we expect the demand for this specialized asset-type to grow,” said Joseph Sitt, chairman of Thor Equities Group.
