for sale: warehouse with large fenced yard

  • Corner 2.23 Acre Parcel with Large, Fenced Yard
  • 56,338 SF Dock High Buildings on 97,138 SF Land
  • Concrete Bow-Truss & Brick Warehouses
  • M2 Zone – MFG, Distribution, Creative Campus
  • Between 110 Fwy & Alameda St, 10 Min to DTLA
  • Opportunity Zone Tax Benefits for User or Investor
2.23 Acre Corner Parcel with multiple warehouses and large fenced yard. Los Angeles California.

This is a great opportunity for an investor to purchase a multi-tenant industrial property, add some value by sprucing it up and leasing it out to multiple tenants. The asking price is very reasonable considering there are almost no properties that can compete with the many cool factors of these buildings and especially the large amount of parking estimated at 130 spaces.

An investor would be hard pressed to find a property with the large parking ratio offered here. This is very important if you intend to attract creative tenants from the DTLA Arts District.

The property suits a regular distribution warehouse use well given it has 9 truck high dock loading positions and that can be expanded by perhaps 5 more doors. The heavy power of 1,600 amps is attractive to a manufacturer or cannabis industry user.

Only 10 minutes south of Downtown Los Angeles Central Business District and 5 minutes east of the 110 Freeway. Easy access to the Ports of L.A. Near Alameda St. and the City of Vernon.

This new listing should prove interesting to all types of buyers including 1031 Tax Deferred Exchange buyers. Plus the Opportunity Zone location allows for Federal tax benefits by reducing or eliminating capital gains upon a sale in later years.

Market snapshot

With an industrial base of over 1 billion square feet , the Los Ange­les industrial market is one of the largest in the United States. It also has some of the highest asking rental rates, $0.95 per square foot, as well as one of the lowest vacancy rates (2.4%) in the nation. In recent quarters, net absorption has been soft, mainly due to lack of available inventory. Imports at the twin ports of Los Angeles and Long Beach, which handle roughly 40% of all imports into the coun­try, continue to be a major industrial driver for the region. In addi­tion, the region is the largest manufacturing center in the United States. For perspective, LA has more manufacturing jobs than the entire state of Illinois . Consequently, demand is still very strong. Although developers are attempting to keep pace with demand, they are not able to do so because of the scarcity of buildable land. Total warehouse square feet under construction fell from 5.4 MSF in 2018 to just 4.7 MSF in 2019. Investors love the potential for rent growth and low vacancy in tight markets and they have been aggressively securing deals with a willingness to accept lower returns for the stability and upside poten­tial of the Los Angeles market. Approximately $3.80 billion worth of industrial real estate traded hands in Los Angeles in 2019, setting a new high water mark for the region.

Price Per Sq. Ft. Trend

Below is a chart showing the average sale price per square foot of industrial building area sold over the last 12 years in the Central Los Angeles industrial submarket. The $/SF dips on the left side due to the Great Recession and then continues its upward march to over $200/SF in 2019.

The data includes industrial zoned properties which include warehouses and manufacturing buildings with a small fraction converted to creative uses in the DTLA Arts District. The majority represent typical industrial uses around DTLA and Vernon and Commerce and Montebello. The data below are only an average as prices can vary greatly depending on building features and location.

Contact us with any questions.

Art studio warehouse

We have a 9,000 square foot brick warehouse building available for lease. Located in between Frogtown and Glassell Park near Silverlake, Highland Park, and Downtown Los Angeles (DTLA).

This new listing will attract art studios, set designers, or general contractors for the entertainment industry as it has great natural interior lighting with 3 ground level loading doors into a wrap-around yard with fenced parking.

On the major street of San Fernando Road near the 2 and 110 freeways. The property is currently occupied by a group of artists. The building once housed a storage annex for the famous artist Michael Kelley. Download below brochure for more information.

In Los Angeles Commercial Real Estate