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.
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.
Industrial is 1 of 4 commercial property types (Industrial, Retail, Office and Multi-family) and is a broad category encompassing many different types of buildings with the most common being warehousing and distribution or manufacturing. Below are brief descriptions of 8 industrial property types.
Warehouse / Distribution
Warehousing & Distribution buildings are very large, single-story structures used primarily for warehousing and the distribution of business inventory. These buildings range from 5,000 to hundreds of thousands of square feet under roof and have up to 60-foot ceiling heights to accommodate extensive racking and storage systems. These buildings may have a small amount of office space as numerous loading docks, truck doors and large surface parking lots to semi-trailers. Some buildings may be served by rail cars.
Manufacturing facilities (also called heavy industrial buildings) are designed to house specialized equipment used to produce goods or materials. In addition to providing three-phase high capacity, electric power, these industrial properties may include heavy ductwork, pressurized air or water lines, buss ducts, high capacity ventilation and exhaust systems, floor drains, storage tanks and cranes. A subset of this is food manufacturing which often includes refrigeration, clarifiers, boilers, sloped floors for drainage, and other specialized food facility equipment.
Refrigeration/Cold Storage are specialized industrial buildings that offer large capacity cold storage such as cooler (34 deg F) and freezer (-10 to 0 deg F) rooms. They are often used as a distribution center for food products such as meat, produce, prepared meals, dairy, etc…
This versatile building type (short for “Flexible”) covers a broad range of uses and often is used to combine one or more uses in a single facility, including office space, research and development, showroom retail sales, light manufacturing research and development (R&D) and even small warehouse and distribution uses. Because of this versatility, flex buildings are sometimes listed as separate category. Flex buildings typically have ceiling heights under 18 feet and have a higher percentage of office space than larger industrial buildings.
Flex buildings can be used for light manufacturing that do not require extensive physical plant and space requirements that heavy industrial buildings provide; such as light assembly.
Similar to flex/office buildings in basic construction and layout, showroom buildings combine retail display space with extensive onsite storage and distribution. Typically up to 50% of the interior space in showroom buildings is dedicated to sales.
Telecom / Data Hosting Centers
These are highly specialized industrial buildings located in close proximity to major communications trunk lines with access to an extremely large and redundant power supply capable of powering extensive computer servers and telecom switching equipment. These buildings have reinforced floor slabs capable of supporting the weight of the electrical and computer equipment as well as backup generators, and specialized HVAC. They may also include raised flooring to handle cooling and extensive cabling. These buildings may also be called Switching Centers, Cyber Centers, Web Hosting Facilities and Telecom Centers.
Flex buildings are popular in high technology industries such as computers, electronics and biotechnology because they effective support a hybrid of office, manufacturing and warehouse space housed in a single location. Often these types of space users prefer locating in campus-like business parks featuring extensive landscaping, shared architecture design, and lots of surface parking and open space.
Biotech (Wet Lab)
Biotech buildings are highly specialized flex buildings that support a range of laboratory space where chemicals, drugs or other material or biological matter are tested and analyzed. This type of building requires extensive plumbing and water distribution, direct ventilation and specialized piped utilities. In addition, some may offer accurate temperature and humidity controls, dust control, and heavy power. Often these types of buildings are located together in campus-like fashion with extensive landscaping, extensive surface parking and open space.
Former American Apparel Facility.
Classic Brick Buildings, BowTruss Roof Roof, Great Natural Light.
Creative Campus conversion: art gallery, live/work.
Warehouse, Manufacturing, or Cannabis/Cultivation/Growing Uses.
Skylights, Sprinklers, Gated Parking.
1,200 AMPS of power, 120/240 Volts, 3 phase.
Adjacent to Slauson Central Retail Plaza: Starbucks, Fatburger, etc.
10 minutes south of DTLA Arts District.
A 16,570 square foot building was leased to a company that prepares school lunches. The building was located at Alameda and 21st Street, and was formerly occupied by a seafood processing and packaging company which focused on shrimp products. Included in the long term lease was 2 cooler boxes, a 22 foot high freezer, and a large food processing room with washable walls and floor drains. The prior tenant relocated to a seafood building in the South Bay that was approximately 12,000 square feet in size. One broker coordinated the simultaneous transactions and the entire deal spaned several months.
An 18,000 square foot warehouse was leased to a Downtown Los Angeles produce company on Industrial Street. The building included an unusually high number of dock high loading positions for an older building: eleven. The produce company was attracted to the building for its proximity to the produce market ,the fact the building had 3 refrigerated coolers, and there was sufficient yard space to accomodate large 53 foot container trucks.
The following food buildings are available for occupancy lease and/or sale:
Marengo St- Cooler and freezer with dock high loading for a 10,000 SF facility. Forlease.
Main St- USDA food processing facility built in 1999 with 5000 SF freezer, 2500 SF cooler and 5000 SF processing room in 26,000 SF of improvements. Great for poultry, beef, seafood processors.
Anderson St- 11,000 SF building with freezers, coolers and truck high loading.
Industrial St- 23,000 SF building with 6000 SF freezer and 1200 SF cooler and 7 dock high spots.
6th St- 23,000 SF concrete building with 3000 SF cooler and 1100 SF freezer, 16 truck high positions and 22 foot clear.
Alameda St- 15000 SF building with 8000 SF cooler and 4 dock high spots. Great location for produce distribution.
Alameda St- 16000 SF building with 4000 SF of coolers and freezers and processing room. 3 truck high spots.
Spring St- U.S.D.A. federal inspection facility for poultry and meat processing with coolers and freezers. 17000 SF building.
Triangle Dr- 23000 SF building, former commercial bakery with coolers, freezer and processing rooms.