Pacific Cold Storage Los Angeles Facility Conversion

Deal value: $29,500,000

Pacific Cold Storage completed the conversion of a legacy dry warehouse into a multi-temperature, energy-efficient cold storage facility in Los Angeles, targeting e-grocery and meal kit providers.

The core investment motivation is to capitalize on surging demand for modern, energy-efficient cold storage in Los Angeles, driven by the rapid growth of e-grocery and meal kit delivery. The strategic purpose is to reposition an underutilized dry warehouse into a high-value, multi-temperature facility, targeting tenants in food logistics and last-mile distribution. This allocation is underpinned by the belief that supply chain resilience and fresh food delivery will remain secular growth trends, especially in dense urban markets.