As the Vacancy Rate has climbed in recent years, more and more industrial warehouses are available and competing for buyers and tenants in the Central Los Angeles and Southern California market. Feel free to browse the below list of available warehouses that are greater than 100,000 square feet.
This 7,500 square foot noodle manufacturing facility is located in DTLA and is a leased investment listing for sale. Sakura Noodle has occupied the concrete block building since it was built in 1980. They have a year left on their NNN lease where an investor could buy this at a 5.3% cap rate. Or a user could purchase it and ask the tenant to leave earlier.
This is a rare triple net leased investment warehouse in Downtown Los Angeles and is the only such investment in the larger industrial submarket.
The property has a fenced yard in the rear with ground level loading doors and 17′ high roof. Located in Downtown Los Angeles, the property zone is industrial, M2. There are floor drains and 400 amp power panel for food production of Japanese ramen and udon noodles.
Feel free to request detailed information.
In the past 5 years Los Angeles investors and developers have pushed forward with both under-construction and planned developments of film studios and sound stages. It made some sense given the lack of vacancy in the booming streaming years. But since the SAG-AFTRA strike all bets are off for demand for film production. See above chart showing declining demand for film production of features and TV.
We could see some of the planned projects get shelved by cautious investors, or if they do build and demand doesn’t bounce back they could get burned. Only time will tell. And even if demand rebounds that doesn’t mean it will stay in LA as inter-state competition is hot along with Canada and other countries per the Hollywood Reporter article.
The industrial outdoor storage (IOS) sector has become one of the most sought-after niches within industrial real estate in the past five years, with increasingly more institutional investors allocating funds to invest in the niche.
IOS properties are industrial properties that often have a large outdoor component, which are used for storage, heavy industrial uses, or truck and vehicle parking. Some facilities have little or no building improvements, while others have equipment service or warehousing facilities, and a small business or administrative office component.
Typical IOS users range from logistics companies like XPO, FedEx, UPS, and Amazon, to local landscaping and building supply companies, as well as utility and school bus companies.
Contact us with any questions or possible interest in buying the above pictured site which may come up for sale in the future.
The City of Vernon, CA special parcel tax on warehouses, truck terminals, freight terminals and other distribution facilities is determined as follows “The City Council hereby determines the Tax for fiscal year 2024-2025 shall be $0.03831 per square foot of taxable parcel area.” This affects companies that do not manufacture products.