Holland Flower Market, a flower importer and wholesaler, purchased a 91,010-square-foot Class A industrial facility in Commerce, California for $34.1 million. BMO Bank financed the acquisition with a $25 million loan, leaving the buyer responsible for $9.1 million in equity.
The deal positions Holland Flower Market in Commerce, a major logistics hub in Los Angeles County that attracts distribution and manufacturing tenants. The freestanding industrial building provides space for the company's growing import and wholesale operations, likely serving florists, event planners, and retailers across Southern California.
For industrial landlords in the region, this transaction signals continued demand for Class A facilities with sufficient square footage to handle large-scale operations. Asking rents for comparable facilities in Commerce typically range from $0.70 to $0.95 per square foot annually, making this property a significant asset in an increasingly tight market.
The financing structure reflects lender confidence in the sector. BMO's $25 million loan covers 73.5 percent of the purchase price, a solid loan-to-value ratio that underscores the property's value and the borrower's creditworthiness. For other industrial operators seeking expansion capital, this deal demonstrates that acquisition financing remains available for established businesses with proven cash flow.
The move benefits Holland Flower Market by centralizing operations in a location with strong truck access to major freeways, proximity to LAX, and existing infrastructure for cold storage and logistics. The commerce industrial market has seen consistent demand from e-commerce, food distribution, and specialized wholesalers like flower importers that require climate-controlled environments and fast access to customer bases.
For tenants leasing nearby industrial space, Holland Flower Market's investment signals the area's ongoing appeal to premium operators willing to pay for Class A conditions. This kind of buyer activity typically supports stable or rising