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La Mirada Commerce Center 5 Industrial Properties in La Mirada, CA
INVESTMENT HIGHLIGHTS
- 5 institutional quality small-bay industrial buildings totaling 73,393 SF with grade level loading in every unit
- Attractive building sizes ranging from 9,448 SF - 29,137 SF with varied unit sizes to accommodate many different users
- La Mirada has seen virtually no new construction and maintained near-zero vacancy over the last decade, with 15% average annual rent growth since 2018
- 94% leased to 33 high quality tenants with 1.8 years of WALT and strong in-place cash flow and over 40,018 SF new leasing over the last 18 months
- Alternative exit strategy by placing a condo map on the existing park
- Supply-constrained ind market - In the 25K SF size range, Mid-Counties has maintained an extremely low 1.0% average industrial vacancy since 2016
EXECUTIVE SUMMARY
CBRE, as an exclusive broker, is pleased to present the unique opportunity to acquire La Mirada Commerce Center, five institutional quality small-bay industrial buildings totaling 73,393 SF located at 14747 Artesia Blvd in La Mirada, CA, The Park is 94% leased to 33 diverse tenants with staggered rollover and 1.8 years of WALT. This is a unique opportunity to acquire institutional quality small-bay product with strong in-place cash flow and historical occupancy.
La Mirada Commerce Center is highly functional with 48 grade-level loading doors (at least 1 door in every unit) and abundant auto parking with 147 spaces. The buildings are ideally sized for this market, with suite sizes ranging from 1,200 - 6,386 SF, accommodating a wide range of tenants.
The Park is strategically located in the supply-constrained Mid-Counties market, where there is only 1.8% vacancy in the less than 25K SF size range. This mission critical location offers immediate I-5 freeway access, and proximity to over 11.4 million people and 5.1 million employees within 30 miles of the site. The property’s central, infill location is ideal for users that serve the Los Angeles, Orange County and Inland Empire markets.
La Mirada Commerce Center is highly functional with 48 grade-level loading doors (at least 1 door in every unit) and abundant auto parking with 147 spaces. The buildings are ideally sized for this market, with suite sizes ranging from 1,200 - 6,386 SF, accommodating a wide range of tenants.
The Park is strategically located in the supply-constrained Mid-Counties market, where there is only 1.8% vacancy in the less than 25K SF size range. This mission critical location offers immediate I-5 freeway access, and proximity to over 11.4 million people and 5.1 million employees within 30 miles of the site. The property’s central, infill location is ideal for users that serve the Los Angeles, Orange County and Inland Empire markets.
PROPERTY FACTS
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 73,400 SF |
| Number of Properties | 5 | Total Land Area | 4.25 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 73,400 SF |
| Total Land Area | 4.25 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building 5
14747 Artesia Blvd, La Mirada, CA 90638 |
Industrial | 29,037 SF | 1978 | - |
|
Building 3
14747 Artesia Blvd, La Mirada, CA 90638 |
Industrial | 14,185 SF | 1978 | - |
|
Building 1
14747 Artesia Blvd, La Mirada, CA 90638 |
Industrial | 11,188 SF | 1978 | - |
|
Building 4
14747 Artesia Blvd, La Mirada, CA 90638 |
Industrial | 9,542 SF | 1978 | - |
|
Building 2
14747 Artesia Blvd, La Mirada, CA 90638 |
Industrial | 9,448 SF | 1978 | - |
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La Mirada Commerce Center
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