±111,078 SF fenced and paved yard for lease in Unincorporated San Bernardino County in the Inland Empire West.
• Truck and Container Storage Possible
• ±1,500 SF Building• Fenced and Secured Yard
• Unincorporated San Bernardino County
• Close Proximity to 10, 71, and 60 Freeways
The Los Angeles - Long Beach Industrial Real Estate Market Report for the fourth quarter of 2022.
The Los Angeles industrial real estate market is one of the most active and sought after in the United States. It is a diverse market, ranging from smaller facilities to large, modern distribution centers. The demand for industrial space in Los Angeles has remained strong due to the city's strategic location, growing population, and thriving economy. The Los Angeles industrial real estate market has also benefited from the rise of e-commerce, as online shopping has led to an increased demand for warehouse and distribution facilities. While the COVID-19 pandemic has had an impact on many industries, the industrial sector has remained resilient, with strong leasing activity and a stable vacancy rate. Overall, the Los Angeles industrial real estate market presents many opportunities for investors, developers, and tenants alike.
The Los Angeles industrial real estate market in the fourth quarter of 2022 was strong, with robust demand and limited supply leading to higher rental rates and lower vacancies. The e-commerce sector continued to drive demand for warehouse and distribution space. Overall, the market was characterized by a favorable balance between supply and demand, with positive outlook for the future.
Ron Mgrublian of Lee and Associates Los Angeles – Long Beach and Ed Matevosian of CBRE represented the buyer Hawk Eye Holdings, LLC.
Pomona, January 27, 2023 - In a noteworthy achievement, Lee & Associates, a prominent national commercial real estate provider renowned for its regional expertise, recently concluded a significant sales transaction involving a sprawling 288,195 square foot industrial building situated at 2875 Pomona Boulevard, Pomona, California. This particular transaction stands out as the largest industrial real estate deal in Pomona for the entirety of 2022.
The successful negotiation was orchestrated by Ron Mgrublian from Lee and Associates Los Angeles – Long Beach, in collaboration with Ed Matevosian from CBRE, both representing the buyer, Hawk Eye Holdings, LLC. This strategic partnership and negotiation prowess resulted in the seamless sale of the substantial industrial property.
The industrial real estate landscape in the East San Gabriel Valley has proven to be robust, with vacancy rates maintaining historic lows at 1.1%. Notably, the average market sale price per square foot in this region is an impressive $307, further underscoring the significance and value of the transaction orchestrated by Lee & Associates.
This successful deal not only reflects the expertise and proficiency of Lee & Associates but also underscores the buoyancy of the commercial real estate market in Pomona. As the largest broker-owned firm in North America, Lee & Associates has consistently demonstrated leadership excellence for over 40 years. Operating across the U.S. and Canada, with a substantial presence in various states and provinces, including but not limited to California, Colorado, Arizona, Florida, and more, Lee & Associates boasts a network of over 1,300 brokers nationwide.
The firm's commitment to providing specialized commercial real estate services on a local, regional, and national level has solidified its position as a key player in the industry. Lee & Associates' successful negotiation of the 288,195 square foot industrial building sale in Pomona exemplifies their dedication to delivering outstanding results for their clients while contributing to the vibrancy of the commercial real estate market. .
Continued upward trends in sale prices and lease rates for commercial properties in the Southern California market.
$44.39 price per square foot increase in sale prices and $0.37 psf (monthly) increase in lease rates year over year Q1 2022. Click below for full report.
The Industrial segment of the Los Angeles-Long Beach Commercial Real Estate Market continued to rocket up with large gains in lease rates and sale prices.
Already low vacancy rates shrunk to 1.1% as lease rates and sales prices continue their ascent. An unprecedented 20% growth in rent rates was experienced in Q2 of 2021 and average sale prices increase by 37%! Click the below link for the full report.
AIR has partnered with NAIOP to alert the Commercial Real Estate Community about new proposed taxes and regulations for Southern California warehouses.
Click the link here to learn more and to take action before May 7th to oppose these new proposed taxes and regulations on Southern California warehouses by the South Coast Air Quality Management District (SCAQMD).
Ron Mgrublian gets another Commercial Industrial Warehouse Real Estate deal done at 2148 W. 16th St. in Long Beach, CA.
Another Commercial Industrial Real Estate deal got done on a Ron Mgrublian - Lee & Associates listing at 2148 W. 16th St. in Long Beach, CA. The property a former food facility features floor drains and one ground level door. It also has a fenced and paved yard, close to the freeways & ports and is in the Cannabis Zone. If you have a commercial warehouse property you would like to sell or lease, please contact Ron at rmgrublian@leelalb.com. See brochure.
