Leasing Activity more than doubled in the San Gabriel Valley Industrial Market in the 4th Quarter of 2020.
An impressive comeback was led by the 3PLs, retailers, fast-food and automotive in the 4th Quarter of 2020 in the San Gabriel Valley Industrial Real Estate Market. Click below for full report
Industrial Real Estate was strong once again in the 4th Quarter of 2020 in Orange County.
Orange County posted the most annual tenant growth in five years as Industrial Real Estate continues to thrive despite the economic challenges of COVID. Ecommerce continues to be a big driver, click below for full report.
Mgrublian arranges the lease of another industrial warehouse property
Ron Mgrublian of Lee and Associates was able to arrange the leasing of 2925 Seaboard Lane in North Long Beach, California. The tenant able to secure much needed overflow space for PPE products and the owner was able to lease vacant space short term. If you are an owner looking to sell or lease warehouse or industrial real estate property or a tenant looking to buy or lease, contact Ron now.
Special offer for the New Year, find out key valuation data pertaining to your commercial property now.
Receive a Sales Comp and/or Lease Analytics Report tailored for your Commercial Real Estate Property. Click here for offer.
±14,122 SF Building With Dock and Fenced & Paved Yard Available for Short Term Lease in North Long Beach
±14,122 SF Industrial Warehouse on ±31,561 SF of Land
Two (2) Dock High and One (1) Ground Level Doors
Large Fenced / Paved Yard
The 3rd Quarter of 2020 featured an increase commercial real estate sales and leasing activity.
Sales in the 3rd quarter of 2020 almost tripled in the Los Angeles/Long Beach Industrial Market and leasing activity picked up decreasing vacancy rates by 25%. E-commerce will continue to pressure the availability of Industrial properties and warehouses for sale and for lease as the COVID-19 pandemic quickened the pace of change with consumer preferences. Click here for full report.
The 3rd quarter of 2020 saw continued rental rate growth and further reductions in the inventory levels in the San Gabriel Valley Industrial Market.
The vacancy rate continued its downward trend in the San Gabriel Valley, a submarket of the Los Angeles Industrial Real Estate Market, since peaking in Q1 of 2020. Rent growth also continued its upward trend since dropping in Q4 of 2019. Industrial Real Estate inventory levels remain low as interest rates continue to spur buying activity and COVID related consumer preference changes drive space demand from brick & mortar to e commerce & warehouse. Click here for full report.
The Orange County Industrial Real Estate Market bounced back in Q3 from the pandemic lows of the 2nd Quarter.
With the effects of the pandemic easing, activity bounced back in the 3rd quarter of 2020. It remains a sellers market with the demand for purchasing industrial and warehouse space at all time high levels due in part to e commerce growth and low interest rates. Leasing and rent growth continue to on an upward trend, albeit at lower growth levels than the past few years. Click here for more information.
The approximate 44,017 SF Orange County Industrial property sold in September 2020 according to public record.
5340 Argosy Ave in Huntington Beach, California traded for $8.71 million or $197.88 PSF according to public record. Details are forthcoming, for more information or to find out what your Huntington Beach Industrial property might sell or lease for contact Ron Mgrublian.
Proposition 15 proposes to remove the Prop 13 protection on commercial properties allowing for annual reassessment and potential drastic property tax increases.
The California Business Properties Association (CBPA) has developed a set of take action now resources on the Vote No on Prop 15 website. Included are social media resources, sample newsletters, letters to the editor guide, share your story, volunteer to text voters no on prop 15, and no on Prop 15 flyers in multiple languages. A few of the key points: Prop 15 increases the cost of living, threatens to make homeownership more expensive and increases rents on small businesses. The site also includes some in the flaws in the property tax hike initiative, ways to donate and a chance to read the initiative for yourself. See that and more at: Vote No On Prop 15.
With the possible passage of Proposition 15, would a Sale-Leaseback be good way to avoid paying a large property tax increase? With 1031 exchanges also possibly going away are Opportunity Zones the answer?
A new survey released points potential trouble for Proposition 15. An opinion survey by Probolosky Research shows 48.8% plan to vote against it, 41% for it and 10.3% are undecided.
Although this is goods news, there is still a lot of time between now and election day and a lot can change. Couple with that, Biden’s overtures that he might eliminate the tax deferred 1031 exchange, Commercial Real Estate Property owners still have a lot at stake this election.
One option to Commercial Property, Industrial and Warehouse owners who occupy their building is a sale-leaseback. A sale-leaseback not only allows the owner to enjoy an infusion of cash, but rental payments under the lease are usually fully tax deductible.
Aside from a 1031 exchange, another option to Commercial and Industrial Real Estate owners is deferring a capital gain to an opportunity zone fund. To learn more, see this post: Opportunity Zones: A Commercial Real Estate Capital Gains Tax Savings Instrument
To discuss further or anything else, Contact Me here.
Great 3 unit Industrial Commercial Real Estate Warehouse Building Sold in Paramount, California that features individual fenced and paved yards.
INDUSTRIAL COMMERCIAL REAL ESTATE WAREHOUSE SOLD at 15343 ILLINOIS AVENUE, PARAMOUNT, CA 90723
PROPERTY FEATURES:
SIZE: ±9,400 SF Industrial Warehouse on ±15,001 SF Lot
PRICE: To Be Determined
ZONING: PAM2*
APN#: 6240-017-018
• Great Owner/User or Investment Property
• Multi-Tenant Industrial Building - 3 Individual Units With Private Fenced & Paved...
CLICK HERE FOR MORE INFORMATION
