Blog #Warehouse

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! 

TERM: 1 Year, Month to Month Thereafter

• ESFR Sprinkler System

• 1-2 Docks Shared

• Office & Bathrooms Possible

• Dead Storage Okay

• High Functioning Property

• Great Strategic Location

• Minutes to 10 and 15 Freway

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. .  

 More...

Continued low vacancy rates drove higher lease rates in the 4th quarter of 2022 despite the economy slowing in other areas.

Q3 2022 saw the economy start to slow but Industrial Real Estate remain tight.

±10,208 SF Industrial Warehouse Building

Dock Well Possible

High End Image Building

Easy Access to 405 Freeway

Top Industrial Park in Long Beach

The rare freestanding Industrial Warehouse property in Pasadena, CA features a double wide dock high door and excess land in back.  Click below for more information.

$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.

• Double Wide Dock Door 

• Rare Freestanding Pasadena Building 

• Excess Land 

• Plentiful Amenities Nearby 

• Allen Station (Gold Line) Less Than One Mile Away 

• Minutes to 210 Freeway

The Los Angeles / Long Beach Industrial Real Estate market experienced more of the same, high demand and low supply.  Sale prices and lease rates for warehouses and industrial properties continue to set all time highs.  Click below for full report.