Tag Archives: vernon

Available Property

10,000 SF Vernon Warehouse For Lease

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Listing for Lease: Heavy Power, Dock High Loading, Fenced Parking, Warehouse and Office, and offered at a Low Lease Rate! See below.

This 10,000 square foot building includes a warehouse with 12 foot ceiling height, dock high truck loading well, a ramp to drive into the warehouse, and a naturally lit upstairs office area of 3,500 SF which includes a small kitchen for employee lunches. The views from the upper floor are a benefit.

This commercial space is located in the business friendly City of Vernon. They have top notch police and fire departments which are critical these days given the rising rate of crime and fires in Los Angeles County and other large metropolitan areas.

The building offers 400 amps of 480 Volt, 3 phase power which can drive a variety types of business machines. Whether garment cutting or hi tech data center processing for AI technology, this building offers a high amount of electricity for its size.

The space is part of a larger property which is fenced with a yard for parking. This offering is a stunning bargain with a competitive lease rate. Landlord pays taxes and insurance so tenant only pays rent plus utilities.

Contact us for information this property.

Available Property, Food Industry

Commissary / Commercial Kitchen For Lease, Los Angeles

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  • Industrial Commercial Kitchen Commissary
  • 2,400 SF Cooler and 1,300 SF Freezer.
  • 60′ Hood, Clarifier / Grease Trap, Floor Drains.
  • 2 Fenced Parking Lots.
  • Ground Level Truck Loading Door.
  • 800+ Amps, 240/600 V, 3 Phase Power.
  • Food Processing Health Dept Permit.
  • Ideal for meal kit prep, restaurant commissary, party event catering.
  • Downtown Los Angeles next to City of Vernon.
  • Off 10 Freeway at Alameda St.
  • Available listing for lease, as sublease through Jan 2027, not for sale.
  • Contact us with interest.
Commercial kitchen cooking and prep area
Refrigerated cooler
Freezer for storage of frozen foods
Racked dry storage area that is 23 foot high
Wash room, scullery with dual sinks and floor drains
Available Property, Food Industry

Cold Storage Freezer Building for Lease in Vernon, Los Angeles County

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  • Racked Cold Storage Space
  • ±46,000 SF of Freezer/Cooler Space, 0° to 52° Convertible
  • 37° to 40° Cooler with Trench Drain for re-packing
  • ±5,417 SF Refrigerated Dock, 40°
  • 9 Dock High Loading Positions
  • ±4,000 SF of Corporate Offices
  • 55,000 Square Feet of Total Building
  • $2.50/SF NNN

Contact us with interest.

Market Trends & Indicators

High Land Value As a Percentage of Total Property Value in Los Angeles

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In the WSJ article, The U.S. Is Running Out of Land, a professor of finance who studies land values cites that “Land now accounts for 47% of U.S. home values…That is up from 38% in 2012 and less than 20% in the early 1960s.”

So that intrigued me and I pulled a sample of 1,315 industrial zoned parcels from Downtown Los Angeles to the City of Vernon. See below graphic. Dividing the Los Angeles County Assessor Land Value amount by the Total Assessment results in 71% of these industrial properties’ value is the land component. The Total Assessment includes improvements such as warehouse and manufacturing buildings constructed on the land.

That is a strikingly high percentage for land value but should not be surprising given the rapid increase in prices per square foot for land sales in the last decade. In the top section of the graphic, which is the DTLA Arts District, land values have ranged from $300-450/SF in recent years. In the bottom section, City of Vernon land was not long ago $50-100/SF and is now approaching $200/SF.

The Central Los Angeles Industrial Market has been an Infill Market for many years which has resulted in rapid increases in land values. If you own land in this area feel free to contact us.

Note

Curling in a Vernon Warehouse

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Curling stones for points on ice

In 2020 this 42,000 square foot concrete tilt-up warehouse was leased to Southern California Curling Center. It was built in 1997 with 24 foot ceiling height with a total lot size of 75,000 SF in the industrial enclave of the City of Vernon.

The Hollywood Curling Club, a nonprofit for 13 years, is based in the Southern California Curling Center, which is quickly becoming the Western hub for the sport. Opened in August 2021, the center is a 42,000-square-foot converted warehouse featuring six “sheets” of “dedicated ice.”

Curling aficionados say the center is the biggest facility in the Western United States that features dedicated ice and sheets built and maintained exclusively for curling. The center provides the stones and hosts leagues, tournaments and corporate events, along with learn-to-curl training sessions.

2022-02-09 LA Times article