CENTRAL L.A. INDUSTRIAL INVESTMENT OPPORTUNITY OFFERING QUALITY TENANCY AND STABILIZED CASH FLOW
* Institutionally-owned and professionally-managed multi-tenant cold storage facility featuring a centralized refrigeration system with variable temperature capacity, 21-feet clear heights, excellent ingress/egress, convenient rail and freeway access, central Los Angeles location and abundant surrounding amenities.
* 100% NNN-leased to a mix of well-established regional and national food distributors, providing the dual-benefit of consistent passive cash flow and minimal landlord responsibilities. With in-place rents projected to be 6% below market upon rollover, the Property also offers future upside potential, capitalizing on tightening market fundamentals and rising rents.
* Limited rollover risks, with no one tenant occupying more than 24% of the Property and no other competing buildings that can accommodate small cold-storage, direct-lease users.
THE BEST INDUSTRIAL REAL ESTATE MARKET IN THE UNITED STATES
* Los Angeles is the most sought-after industrial market in the country, with 1.3% vacancy among an inventory of 1.0 billion SF in 1Q18 and average annual absorption outpacing construction deliveries by more than double in each of the last five years.
* Tenant and investor demand for Los Angeles’ industrial product is especially pronounced in the Commerce submarket. Strong positive absorption pushed vacancy down to 0.8% 1Q18.
STRATEGIC “LAST MILE” LOCATION IN THE HEART OF SOUTHERN CALIFORNIA’S DISTRIBUTION HUB
* Located at the entrance to I-5 off Washington Boulevard, with direct rail access to the BNSF Intermodal Railyard and proximity to nearby Ports of Los Angeles and Long Beach.
* Central Los Angeles location, reaching a population of 3.4 million people and 96,411 businesses within a 10-mile radius.
