Ron Mgrublian

Principal
Commercial Real Estate Brokerage Services
CalDRE#: 01902882

Testimonials image
This is what clients had to say:

“Ron Mgrublian did an amazing job marketing our property... He was able to find us a suitable buyer and negotiated a good agreement for both parties. We intend to use Ron for all our future Commercial Real Estate needs. We highly recommend him.”

- Hani Nassif, Win Properties (Represented Seller)

"Ron Mgrublian was the perfect agent in so many ways, he had a positive effect on financial results, great engagement with inquires, and he managed to work well with a dual agent representation for seller and buyer. Went the extra mile for me and made us all satisfied with the outcome."

- Bobbi Allen, Allen Properties (Represented Seller & Buyer)

"I have worked with Ron for over 6 years on a few real estate deals from selling my commercial property to renting warehouses, he has always been available to me and a pleasure to work with! I highly recommend Ron!

- Chris McAlister, CBM Trading (Represented as Seller and Tenant)

"I had never met Ron in person when I hired him to list my commercial building in the city of Paramount for lease. This, to me, was beyond unusual, but I had little choice since I was out of state and needed to get it listed as soon as possible. I was very concerned as I had to rely on word-of-mouth from some associates and hoped against hope that it would turn out okay. My concerns were quickly eliminated.

Ron quickly created a professional listing, put signage on the site, and began full marketing of the property. Within days we had a tremendous amount of interest and Ron diligently conducted tours.

Because my criterion for an occupant was rather stringent, many possible tenants were turned away. The city also had their requirements which eliminated other possibilities. Ron never wavered and continued on course until we found a tenant that fit the bill on all counts.
None of this could have happened without Ron's easy-going demeanor, excellent communication skills, and committed persistence. His navigation of lease negotiation and problem solving is second to none.

Throughout, he has been kind and courteous and beyond flexible-- taking care of issues that arose even when they were outside the normal line of duty for a Real Estate professional.
In short, I could not be happier and would recommend Ron to anyone and everyone that needs a Commercial Realtor.

He is clearly in a class of his own."

- Derek Douglas, Douglas Trust (Represented Landlord)
  • 5000 East Spring Street, Long Beach, CA, USA
  • Suite 600
04Nov

The ±18,000 square foot Industrial building in Gardena, California is now on the market For Sale.

AVAILABLE: ± 36,000 SF Lot Land

BUILDING SIZE: ±18,000SF

ASKING PRICE: $319 PSF ($5,742,000.00)

APN#: 6129-006-020 & 6129-006-021

ZONING: LA Unincorporated M2

• Free Standing Industrial Building

• Fenced/Paved Yard area

• No City Business Tax

• 3 Ground Level Doors/4 Bathrooms

• Solar Lighting

• Bonus Unfinished Mezzanine

• Close to 110, 405, 91 and 105 Freeways

28Oct

The 3rd Quarter 2024 Report is out for the San Gabriel Valley Industrial Market

  • In Q3 2024, San Gabriel Valley's industrial market remained robust with a 6.3% vacancy rate.
  • Rental rates softened slightly, now at $17.76 per square foot (PSF), NNN annually, indicating a balanced supply-demand dynamic.
  • The construction pipeline remains active, with 545,702 square feet of new industrial space under development.
  • The City of Industry, a dominant player in the area, accounts for 72% of SGV’s industrial space, focusing on modern Class A warehouse and distribution centers.
  • As market conditions shift, tenants and developers must stay agile, seizing opportunities and addressing challenges in this thriving industrial landscape. Adaptability will be essential for maintaining a competitive edge.
24Oct

The 3rd Quarter Report for the Industrial Real Estate Market in Orange County is out!

  • Demand for industrial space weakened countywide in Q3, with an increase in sublet space.
  • Vacancy rates are the highest since 2013 but still 200 basis points below the national average.
  • The decline in net absorption is the largest year-to-date drop in 15 years.
  • Average rents fell for the seventh consecutive quarter.
  • Countywide negative net absorption in Q3 totaled 1.3 million SF, bringing the annual total to 4.1 million SF, the highest since the 2008 financial crisis.
  • The average triple-net rental rate dropped to $1.59 per SF, down from the $1.71 peak at the end of 2023.
  • Q3's 5% vacancy rate is an increase from 2% in Q1 2023.
21Oct

The Q3 2024 Industrial Real Estate Market Report is out for the Los Angeles - Long Beach area

In Q3 2024, the South Bay submarket saw a continued increase in vacant space, with the vacancy rate rising to 4.4%, up 20 basis points from Q2 and 50 basis points year-over-year. Tenants are becoming more selective, taking advantage of longer decision-making periods. Despite a 7.8% year-over-year decline in average asking rents, rents remained somewhat resilient due to concessions from landlords.

Leasing activity included 1.37 million square feet of new deals, though it was below the 10-year average. Net absorption was positive for the first time in a year, at +669,007 square feet. Construction continues with 1.5 million square feet in progress, which could impact vacancy rates if demand doesn't catch up.

Sales activity increased from Q2 but remained significantly lower than in 2023. Sales volume reached $71.9 million, and average prices per square foot dropped 22.5% year-over-year to $258.92.

25Sep

The ±19,937 SF Paved, Gated & Fenced yard in Pomona is on the market For Lease.

AVAILABLE: ± 19,937 SF Lot

LEASE RATE: $0.30 / SF gross ($5,981.10 /Mo)

APN#: 8335-003-055

TERM: 3-5 Years

ZONING: IX1

• Fenced and Paved Yard

• Gated Entrance

• Light Industrial Uses

• Close to 10, 71 and 60 Freeways

23Sep

The ±27,750 Square Foot Industrial Building is on the Market For Lease & For Sale.

AVAILABLE: ±27,750 SF Bldg on ±77,145 SF Lot

APN#: 7102-020-001

TERM: 3-5 Years

ZONING: M2

• Large Fenced and Paved Gated Yard

• Two (2) Dock High Loading Doors

• 14’-17’ Clear Height

• Free Standing Building

• High Visibility

• Close to 91 & 710 Freeways

20Sep

The High Image New Construction ±20,847 SF Industrial Warehouse/Manufacturing Building in Baldwin Park, CA is For Lease.

Available: ±20,847 SF Industrial Warehouse/Manufacturing Building on ±40,847 SF of Land

Rate: $0.85 / SF Gross for the first 6 months,$1.70 thereafter

Term: 3-5 years

Zoning: I-C

APN#: 8550-005-061

• High Image/Freeway Visibility

• Two (2) Dock High

• Three (3) Ground Level Doors

• 28’ Minimum Clearance Height

• 1240 Amps

• Large Fenced / Paved Yard

• 42 Parking Spaces

See Brochure for 3D Matterport Virtual Tour

30Jul

The 2nd quarter economic report features insight on U.S. GDP, employment, monetary policy & global outlook.

GDP Growth: Q2 2024

  • U.S. GDP grew at a 2.8% annual rate in Q2, up from 1.4% in Q1.
  • Growth driven by increased consumer spending, business investment, and inventory growth.
  • Consumer spending rose by about 2%, especially in health care, housing, recreation, and durable goods.
  • Business investment increased, particularly in equipment and intellectual property.
  • Inventory growth was notable in wholesale and retail trade, offset by declines in mining, utilities, and construction.
  • Gross domestic purchases prices increased by 2.3%, down from 3.1% in Q1.
  • Excluding food and energy, prices increased by 2.5%, down from 3.3% in Q1.
  • Personal consumption expenditures price index increased by 2.6%, compared to 3.4% in Q1.
  • Current-dollar personal income increased by $237.6 billion, down from $396.8 billion in Q1.
  • Real disposable personal income growth slowed, and the personal saving rate decreased to 3.5%.

Employment: Q2 2024

  • 206,000 jobs added in June, with a slight rise in the unemployment rate to 4.1%.
  • Labor force participation rate increased to 62.6%, driven by prime-age workers.
  • Wage growth slowed, with average hourly earnings rising 0.3% from May and 3.9% year-over-year.
  • Job growth mainly in government and healthcare sectors.
  • Private sector payrolls slowed, with gains in construction offset by declines in manufacturing.
  • Job openings rose to 8.14 million in May, but a cooling trend is expected.

Monetary Policy: Q2 2024

  • Federal Reserve left the overnight federal funds rate unchanged.
  • Potential for at least one interest rate cut in 2024 remains.
  • Disinflation resumed, with CPI inflation falling to 3.3% in May.
  • FOMC held rates steady, awaiting further evidence of returning inflation to the 2% target.
  • Financial markets expect a 0.25% rate reduction in September.
  • Labor market showed better balance between supply and demand, with nominal wage increases trending down.

Global Economy: Q2 2024

  • IMF forecasted global growth at 3.2% for 2024 and 3.3% for 2025.
  • U.S. growth revised to 2.6% for 2024, slowing to 1.9% in 2025.
  • Euro area expected to see modest growth driven by services and net exports.
  • Japan's growth outlook revised downward due to supply disruptions and weak investment.
  • Stronger activity in emerging markets, especially China (5% growth forecast for 2024) and India (7%).
  • Latin America faced downward revisions for Brazil and Mexico due to natural disasters and moderating demand.
  • Middle East and Central Asia impacted by oil production cuts and regional conflicts, with notable downward revisions for Saudi Arabia and Sudan.
26Jul

The Industrial Real Estate Market Report for the Inland Emprie West is out for the 2nd Quarter of 2024.

  • Development pipeline down 57% year-over-year
  • Vacancy rates up 48%
  • Lease rates adjusted by 28%
  • Tenant activity has resumed in the Inland Empire West industrial market
  • Historic levels of positive net absorption in the submarket
  • Multiple 1-million-square-foot lease transactions executed by credit tenants
  • Nearly 5 million square feet of move-ins from big-box deliveries with prior year leases
  • Inland Empire continues to attract institutional capital
  • Class A 835,000 square foot building sold for nearly $200 million
25Jul

The Los Angeles - Long Beach Industrial Real Estate Market Report for the 2nd Quarter of 2024.

  • Leasing Activity: 2.3 million square feet (MSF) of industrial space leased this quarter, up by 1.03 MSF from the previous quarter.
  • Vacant-Availability Rate: Dropped by 0.4% from last quarter to 4.2%, but still 2.8% higher than last year.
  • Market Trends: Increase in vacant-available space due to tenants returning unused space since 2023.
  • Asking Lease Rates: Declined to $1.71 (direct) and $1.68 (overall) per square foot (PSF), though still 40%+ higher over the last five years. Class A spaces aim for $2.00+ PSF.
  • Tenant Behavior: Tenants are more selective and pushing for rental concessions, with landlords becoming more negotiable.
  • Net Absorption: Positive for sublet space (525,417 square feet) but overall net absorption negative at -539,467 square feet.
  • Sales Volume: $51 million across 9 transactions in the South Bay, with average building prices at $288.61 PSF and land values at $143.79 PSF.
  • Capitalization Rates: Increasing due to higher capital costs, forcing sellers to adjust prices.
  • Interest Rates: Around 6.5% for fixed, 25-year owner-occupier loans.
  • Insurance Challenges: Rising premiums and providers exiting the California market.
  • Property Values: Some industrial areas affected by homelessness and vagrancy, impacting property and rental values.
24Jul

The Industrial Real Estate Market Report for the San Gabriel Valley is out for the 2nd quarter of 2024.

  • In Q2 2024, San Gabriel Valley's industrial market showed resilience with a 5.9% vacancy rate.
  • Rental rates now stand at $18.72 PSF, NNN annually.
  • The construction sector is active, with 706,000 SF under development.
  • The City of Industry represents 72% of SGV's industrial base and is a key player in new Class A warehouse and distribution space projects.
  • Tenants and developers must stay vigilant and adapt to market fluctuations to capitalize on opportunities in the evolving SGV industrial landscape.
23Jul

The Orange Country Industrial Real Estate Market Report is out for the 2nd Quarter of 2024.

·  Tenant demand in Orange County slowed in the first half of the year. 

·  Vacancy rate increased from 1.9% at the end of 2022 to 4.4%. 

·  Leasing activity decreased. 

·  Rent growth has flattened after over a decade of steady double-digit annual growth. 

·  Negative net absorption of 799,275 SF in Q2 and negative 2.1 million SF in Q1. 

·  Total decline in the past six quarters exceeds 5 million SF. 

·  Long-term average vacancy rate since 2020 is 4.5%. 

·  Tenants face less competition for space. 

·  Landlords are offering more lease concessions. 

·  Largest sale in Q2: 278,572-SF Fullerton building sold for $338 per SF by American Realty Advisors to Rexford Industrial Realty.