Blog

• Great Visibility

• Large Fenced and Paved Yard

• High Traffic Area

• City Gateway Segment

• Bonus Storage Downstairs (not included in SF)

AVAILABLE: 1.22 AC - (53,143 SF) Industrial Land

ZONING: Urban Neighborhood

• Truck Parking or Ourdoor Storage possible

• Cannabis Overlay Zone

• Excellent Access To The 71, 57 And 10 Freeways

We are thrilled to announce the successful sale of 208 Main Street, a prime ±5,700 SF freestanding retail building in the heart of downtown Seal Beach, California.

This highly visible property on a rare double-wide lot (≈5,874 SF parcel) attracted strong interest and is now officially SOLD.

Key Highlights of the Property:

• Premier Main Street location with exceptional foot and vehicle traffic
• Former bank building with vault still in place – perfect for retail, restaurant, gallery, professional office, or creative concept
• Open floor plan with high ceilings, abundant natural light, and rear storage area
• Zoned Main Street Specific Plan (flexible uses)
• Steps from the Seal Beach Pier, beach, and Eisenhower Park
• Surrounded by popular restaurants, boutiques, and the famous Main Street retail scene

The surrounding trade area enjoys strong demographics:

• Average household income within 1 mile exceeds $147,000
• Over 10,000 residents within a 1-mile radius and 60,000+ within 3 miles
• Year-round tourist and local traffic thanks to the beachfront location

This sale represents continued investor confidence in Seal Beach’s vibrant Main Street corridor, one of Orange County’s most charming and active coastal retail districts.

Congratulations to the buyer and seller on a smooth transaction!

For more information on current opportunities in Seal Beach, Long Beach, and throughout coastal Orange County, feel free to reach out.

Ron Mgrublian | Lee & Associates 

Nat Ferguson | Splash Realty Group

±4.37 Acres of Land

Mixture of Zoning by Parcel (Majority of IX1)

MidTown Segment (2 Parcels) and SB 330 (1 Parcel)

70 Units Per Acre (306 Total) Low Income Housing Possible

Leased: ±25,550 SF (±0.59 Acres) of Land

• Truck Parking Possible

• Fenced Yard with Aggregate

• Water/Power Possible

• Close to 10 and 210 Freeways

Lee & Associates is proud to announce the successful sale of 3940 E Gilman St, a highly desirable ±10,208 SF industrial property located in the heart of Long Beach’s sought-after business park.

Key Highlights:

• Rare freestanding industrial opportunity in a prime infill location
• High-image building with excellent curb appeal
• Potential for dock-well configuration
• Convenient access to the 405 Freeway and major transportation corridors
• Zoned LBPD7 | APN: 7218-002-014

This clean, functional asset attracted strong interest and closed quickly, underscoring the continued demand for well-located industrial space in the Long Beach market.

Congratulations to both the buyer and seller on a smooth transaction!

For more details on recently sold or off-market industrial opportunities in Long Beach and the greater Los Angeles area, contact:

Ron Mgrublian

562.354.2537 | rmgrublian@leelalb.com

Jeff Coburn, CCIM, SIOR

562.354.2511 | jcoburn@leelalb.com

The unique ±2.55-acre site in Unincorporated San Bernardino County between Pomona, Chino and Ontario, CA leased to a local truck body and van equipment company.

According to CoStar there is little industrial land available in the submarket, leading to less activity in this area than the larger markets to the East.

Ron Mgrublian is a Commercial Real Estate Broker focusing on Industrial Real Estate and Warehouse Properties with Lee & Associates in the Southern California area.

Slowing Inflation and a Growing Economy is a positive sign for Q2-2023.

The San Gabriel Valley Industrial Market remains robust.

Some easing of demand in the 2nd quarter of 2023, see below for more.

Every key metric typically used to measure the health of the economy is performing well right now. GDP grew by 2.0% in Q1, and it is estimated to grow by 2.3% in Q2 by the Atlanta Fed . In terms of employment, over the last year the U.S. added 3.8 million jobs and now has an unemployment rate of 3.6%. With regard to inflation, both headline and core inflation are
trending downward. The Consumer Price Index (CPI) rose by 3% year-over-year in June and 0.2% for the month, below consensus estimates of 3.1% and 0.3%. This was the lowest rate of inflation since March 2021. And core inflation, which excludes food and energy prices, rose by 4.8% year-over-year and 0.2% for the month. The annual core inflation level was
the lowest since October 2021, and its monthly gain was the smallest gain since August 2021.

Most economists, forecasters, and business leaders are anticipating that the Fed will continue to raise rates throughout the year until it reaches its target inflation rate. For this reason, most forecasters still believe a mild and shallow recession is likely within the next twelve months. However, a significant minority are anticipating that the US economy will avoid a recession altogether. For example, in its latest forecast, the National Association of Realtors has the economy growing slowly every quarter throughout 2023 and projects the economy to grow by 1.1% for the whole year. 

Regardless of one’s stance on this issue, it is indisputable that the industrial market is in a favorable position to weather most headwinds the economy might face. Total retail sales grew by 1.6% in May 2023 compared to the same period a year ago , and as a percentage of total sales, e-commerce retail sales (one of the key drivers of the industrial sector) now stand at 15.1% – 3.9 percentage points higher than where it stood at its peak prior to the pandemic in Q4 of 2019. With this said, available space continues to increase and there has been a growing sentiment regarding a shift in negotiating power from Landlords to Tenants

We are excited to announce that 2148 W 16th Street in Long Beach, CA has been successfully leased!

This ±5,500 SF freestanding industrial building in the heart of Long Beach’s Westside industrial corridor attracted strong interest and is now off the market.

Key Property Highlights:

• ±5,500 SF industrial warehouse
• Former food facility with warehouse floor drains
• One (1) ground-level loading door
• Fully fenced and paved yard
• IG (General Industrial) zoning
• Licensed cannabis use permitted (at a higher rate)
• Excellent proximity to the 710 Freeway, Port of Long Beach, and downtown Long Beach

The combination of immediate availability, functional layout, secure yard space, and flexible zoning made this an ideal opportunity for a variety of industrial and specialty users.

Congratulations to both the landlord and the new tenant on a smooth transaction!

For information on similar available industrial properties in Long Beach and the greater Los Angeles area, feel free to reach out:

Ron Mgrublian, MBA

Principal Lee & Associates (562) 354-2537

rmgrublian@leelalb.com

DRE# 01902882

Currently marketing several off-market and publicly listed industrial opportunities throughout LA County. Let’s connect if you’re looking to sell, lease or acquire space!