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.
The L.A. County industrial neighborhood of City Terrace has seen increased buyer and investor activity in the past few years. Not only have several properties sold in this up and coming area, but a new 200,000 square foot industrial building is under construction by a well known developer.
The heightened interest in this once sleepy area may be due to it’s proximity to the Arts District, Boyle Heights, and Lincoln Heights, and also between Cal State University L.A. and the USC Keck School of Medicine. Nearby a Biotech/Bioscience campus is being built with heavy interest from prospective tenants. These are exciting developments for one of the oldest industrial tracks in L.A.
A new opportunity is a 106,141 square foot land parcel with 40,000 square feet of old manufacturing buildings on it. This site is being offered for sale at land value. Allowed uses in this M2 zone are manufacturing, distribution, trucking, cannabis, and a variety of other industrial and commercial uses. One advantage of operating a business in unincorporated county lands is that there is no gross receipts revenue tax as there exists in the City of Los Angeles.
For Sale: Great industrial concrete warehouse and manufacturing building available for a buyer to purchase. 35,750 square feet of building including roll down security shutters on all windows and 600 amps of 480 volt power. The City of Commerce in recent months passed an ordinance legalizing several types of cannabis operations in the city including cultivation (growing), manufacturing, and distribution. Don’t miss this opportunity. Whether you have applied for a cannabis permit or are simply a real estate investor wishing to lease to the industry, get in before everybody finds out about the recent allowance of marijuana operations in this city. Contact us for a brochure on this property.
Bakery with Kitchen & Hood. 200 SF Cooler, Grease Trap, Floor Drains, Ovens. Flexible CM Zone. Fenced Parking Lot. At 710 & 5 Freeways & McDonald’s adjacent
Converted to bakery in 2008. Possible commercial kitchen, commissary, food processing, meal delivery, beverage, market. Restaurant/Food Processing Wholesale health permit.
Unincorporated LA County; no city taxes. BROCHURE-SitePlan-Photos.