The site is a fl at, rectangular land parcel located in Santa Fe Springs, California fronting on Norwalk Boulevard just south of Lakeland Road. The site is easily accessible from the I-5 and the 605 Freeways via Norwalk Boulevard, Bloomfi eld Avenue, Florence Avenue or Telegraph Road. The rectangular parcel consists of 1.54 acres or approximately 67,260 square feet. This site is located within the ± 130 million square foot Mid-Counties industrial submarket, part of the larger 1.65 billion square foot Southern California industrial market, the largest in the United States. Distribution companies are attracted to the Mid-Counties area due to its strategic location at the geographic center of Southern California. Surrounded by seven major freeways, industrial development has been very active since 1995 with over 20,000,000 square feet either completed or under construction. Leasing activity is enjoying a resurgence, and sale activity is at a record level. As of 3rd quarter 2007, the vacancy rate is only 1.6%. Due to tremendous land absorption in recent years, land acquisition opportunities in the Mid-Counties are extremely limited.
