Slauson Avenue
5331 Slauson Ave, Commerce, CA
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
The Results
- Property sold above pro forma
- Sold in Month 14 (vs30 month underwriting)
- Negotiated an “As Is” sale
- No renovations costs incurred
