Industrial Insights - June LA/OC Newsletter
For Sale
The author highlights five notable warehouse properties currently on the market:
6817 E Acco St, Commerce - 107,467 SF priced at $205/SF ($22.03M). The property offers flexibility for single or multi-tenant configurations, though loading dock improvements could enhance tenant appeal.
6300 Chalet Dr, Commerce - 27,930 SF at $199/SF ($5.57M). Described as a "bread and butter smaller deal," this property could be acquired at a discount, leased, then sold to an end-user later.
5701 Fresca Dr, La Palma - 72,900 SF estimated at $192/SF ($14M). Features extensive trailer parking and 18-foot clear height, presenting opportunities for roof raising or user-sale strategies.
13940 Maryton Ave / 14109 Pontlavoy Ave, Santa Fe Springs - Two smaller leased user buildings (12,272 SF and 9,345 SF) with below-market lease rates, positioned as hold-and-resell opportunities.
3601 W Pendleton, Santa Ana - 25,400 SF at $250/SF ($6.35M). Features docks and ample yard space, making it suitable for long-term leasing.
The complete survey includes 47 properties available for review.
Sold
Top recent sales demonstrate market activity and pricing trends:
Notable transactions include a 158,595 SF Carson property selling for $58/SF of land value; a 120,000 SF Commerce warehouse at $175/SF ($21M); and a 306,313 SF Long Beach sale-leaseback at $158/SF ($48.4M).
Additional sales ranged from $171-$258/SF across various Orange County and Los Angeles County locations.
Additional Resources
The author references Prologis research on pandemic-related supply chain shifts and inventory adjustments. Educational content covering relocation planning and lease renewal strategies is available on the firm's website.
Contact: Justin Smith, Senior Vice President, Lee & Associates (Irvine)