Rare opportunity in the tight Southern California industrial real estate market to acquire an investment property with a long term lease with an established tenant.
This industrial building was leased on November 1, 2021 to a food production company for 10 years on a triple net NNN basis. Rent is $455,000 per year with annual increases of 3%. The company was established in 1994 and has grown since then into a few larger buildings ending up in this facility.
The building was originally constructed in 1971 and then remodeled in 2006 as a food production facility. Food improvements include refrigeration (coolers and freezers), floor drains, clarifier, food grade walls, hoods in commercial kitchen as in commissary, boiler, test lab, and other improvements to qualify for USDA and Organic food safety certifications.
Building square footage is approximately 31,326 and land square footage is 49,960 on industrial zoned land. Located near the major Los Angeles ports and LAX.
An approximately 20,000 square foot concrete warehouse with 5,200 square feet of freezer /cooer boxes is expected to come available as a listing for lease in several months. It is an industrial warehouse with cold storage and dry storage that can accommodate 10 dock high refrigerated truck trailers – this is an unusually high number of loading positions for a building of this size. Some freezer could possibly be converted to coolers.
There is plenty of yard and parking space given the large 43,000 square foot land parcel. Offices with restrooms included. Located the City of Commerce near the 5 Freeway about 10 minutes from Downtown Los Angeles (DTLA) and the City of Vernon.
Ideal for refrigerated food storage and distribution. Perishable foods such as prepared meals, poultry, seafood, beef, frozen foods, produce (fruit and vegetables).
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. A tenant could upgrade to USDA, BRC, or SQF food safety standards.
Versatile building for general food production such as meals, bakery, desserts, pasta, produce, vegan or vegetarian or plant-based, 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.
A 51,000 square foot building with extensive food production improvements is available for lease at $1.45 per square foot triple net in the the southern section of the City of Los Angeles near the 405 and 110 freeways.
The building shell is modern concrete tilt up and the food processing improvements were installed in recent years and include: refrigerated production meal prep room, cooler, floor drains, and freezer. The space was used for airline meal preparation. There are 80 parking spaces and 1,600 AMPS of power.
As shown above, California leads the nation in industrial cold storage cubic feet, that is warehouses with coolers and freezers. What drives this inventory of frigid distribution space? Metro areas have large populations along with food production facilities and food logistic hubs. California has major port activity along its coast to drive much of the logical demand.