Below is a list of industrial real estate listings that were sold in the 4th Quarter of 2020 over 10,000 square feet in size in the Central Los Angeles industrial submarket. Information includes: buyer, seller, sale price, square footages, and property features for warehouses and manufacturing buildings.
Historically, the Arts District was home to industrial users who manufactured, distributed, and warehoused goods ranging from toys to frozen fish. Over time, the multi-story industrial buildings became antiquated and functionally obsolete – they began transitioning to lofts and studios for artists. About a decade ago, developers started converting the former warehouses into live/work lofts – starting with Barker Block Lofts, Toy Factory Lofts, and Biscuit Company Lofts. These projects helped spark a renewed interest in the Arts District, and the retailers have followed suit. Award-winning restaurants, designer apparel brands, and a multitude of breweries and cozy coffee shops make this neighborhood of mural-splashed warehouses truly unique.
The Arts District has also become a hotbed of residential and mixed-use development, with projects aimed at luring new residents to the live-work-play atmosphere of the area. The real estate players in area have shifted from private/local investors to developers with institutional funding, such as Shorenstein, Tishman Speyer, Hudson Pacific, etc. Office tenants are also vying to call this neighborhood home – Warner music Group, Adidas, Spotify and more will soon be settling into their world-class creative office spaces.
Although the landscape of the Arts District is changing dramatically, the intent of the developers and the local community is to keep the integrity, character, culture, and aesthetics intact for the most unique district of Downtown Los Angeles.
7,450 SF Warehouse For Lease, DTLA
■ Great Creative Studio/Warehouse Space
■ Classic Brick Building, Constructed 1968
■ Fenced Parking
■ 1st Floor: Previously an Art Gallery, Air Conditioned
■ 2nd Floor: Beautiful Wood Floors & Bow-Truss Roof
■ Only one block from 10 Freeway Onramp
■ Fashion District Near South Park, Historic Core, & Arts District
3-5 year lease term. $1.50/SF/mo. Marketing brochure package.
This is preliminary notice that a 18,300 square foot food production facility will be coming available in Downtown Los Angeles, DTLA as a new listing for lease. Near City of Vernon. Currently a commercial kitchen and commissary for meal kit prep. Refrigerated rooms include a cooler and freezer, grease trap / clarifier, hoods, floor drains, ground level loading doors, and 2 fenced parking lots.
County Health Dept permitted for food processing. Versatile building for general food production such as meals, bakery, desserts, pasta, produce, vegan or vegetarian, sandwiches, mexican foods, seafood, sushi, tamales, burritos, sauces, beverages. Or convert into ghost kitchens.
Feel free to register preliminary interest by using the contact page.
- 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
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.