Overton Moore Properties Acquires 248,105-SF Industrial Facility at 14555 Alondra Boulevard in La Mirada

Overton Moore Properties (OMP) announced Oct. 8 that it has acquired 14555 Alondra Boulevard, a 248,105-square-foot industrial facility in La Mirada, California, expanding the firm's infill Los Angeles footprint.

The property is 100% leased to a tenant the firm described as high-quality, with approximately 5.5 years of remaining lease term. According to the firm, the acquisition provides strong in-place cash flow at an attractive going-in yield, with contractual annual rent increases through the remaining lease term.

Property Details: 14555 Alondra Boulevard in La Mirada

The heavy industrial facility is situated on 13.5 acres in the Mid-Counties submarket, less than one mile from Interstate 5. It comprises two buildings and features dock-high, drive-in and grade-level loading, 1,600-amp power and an oversized secured concrete yard. OMP said these features are exceedingly difficult to replicate in infill Los Angeles.

La Mirada sits within Los Angeles' Mid-Counties industrial corridor, an established infill market serving the Los Angeles and Orange County population centers. The property's proximity to Interstate 5 is relevant for regional distribution, while the secured yard and heavy power capacity broaden its suitability for logistics, manufacturing and other industrial users.

Pete Cassiano on the Acquisition

"We are excited to expand our infill Los Angeles footprint with the acquisition of 14555 Alondra, a highly functional industrial facility leased long-term to an entrenched tenant," said Pete Cassiano, Chief Investment Officer of OMP. "The combination of the asset's attractive basis, durable in-place cash flow and strong long-term market fundamentals in infill Southern California made this a great addition to our growing portfolio."

Los Angeles Industrial Market Context

The acquisition comes as Los Angeles industrial conditions have become more balanced than during the tight 2021-23 period. Direct vacancy stood at 6.0% in the third quarter of 2026, up from 5.7% a year earlier, while total vacancy, including sublease space, was 6.7%. Total availability was 8.4%.

Average asking rent was $1.36 per square foot per month on a triple-net basis, down from $1.41 a year earlier. Quarterly leasing activity totaled approximately 5.9 million square feet, net absorption was negative 686,000 square feet, and new deliveries totaled approximately 674,000 square feet.

Class A Los Angeles industrial rents have been landing around $2.40 to $2.75 per square foot per month on a triple-net basis, well above the overall market average. Third-quarter industrial sales in Los Angeles totaled approximately 1.33 million square feet, with an average sale price of $283.59 per square foot and an average capitalization rate of 5.7%.

OMP's Industrial Acquisition Activity

The La Mirada purchase follows OMP's January 2026 acquisition of the Altamont Shallow Bay Industrial Portfolio at 7650 and 7888 Marathon Drive in Livermore, California. That portfolio totals 245,472 square feet across two buildings, was 100% leased to 13 tenants and features 74 dock-high and 18 grade-level doors.

OMP is a privately held company specializing in real estate development, acquisition, asset management and construction management of industrial real estate. The firm has operated for 52 years and has constructed and acquired more than 40 million square feet of industrial and mixed-use space across California, Arizona, Nevada and Utah.

Outlook

The acquisition adds a single-tenant, fully leased asset with contractual rent growth to OMP's Southern California holdings. With vacancy rising and asking rents softer than a year ago, the transaction reflects continued investor interest in functional infill Los Angeles industrial properties with large yards, multiple loading configurations and heavy power capacity.

Sources

• OMP Announces Infill Los Angeles Industrial Acquisition (PR Newswire, Oct. 8, 2026)