Slauson Avenue
5331 Slauson Ave, Commerce, CA

CAPROCK CASE STUDIES

Key Property Highlights —

  • Off-market acquisition in tightest submarket in LA County
  • Submarket vacancy rate of +/-1.0% with no land for new development
  • Property has freeway frontage on Interstate 710
  • Minutes from Port of LA/Long Beach and downtown Los Angeles
  • E-Commerce users are driving demand in search for last mile facilities in Central LA
  • Acquisition well below replacement cost

Property Information

  • Off-market acquisition
  • +/-97,438 square foot industrial building
  • Tightest industrial submarket within the Los Angeles
  • Acquired well below replacement cost
  • 100% leased at acquisition
  • Excellent location with significant freeway frontage on I-710
  • Property is divisible with two separate entrances each with private yards, ample auto parking, and above market loading capabilities

Business Plan

  • Enjoy cash flow during 18 month lease
  • Renovate property upon lease expiration
  • Perform lot line adjustment while leased
  • Optimize rents on billboard income and solar panels
  • Re-lease to single tenant or multiple tenants
  • Sell building to one or two owner-users

CAPROCK CASE STUDIES

The Results

  • Property sold above pro forma
  • Sold in Month 14 (vs30 month underwriting)
  • Negotiated an “As Is” sale
  • No renovations costs incurred
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