Blog #Warehouse

±4.37 Acres of Land

Mixture of Zoning by Parcel (Majority of IX1)

MidTown Segment (2 Parcels) and SB 330 (1 Parcel)

70 Units Per Acre (306 Total) Low Income Housing Possible

Every key metric typically used to measure the health of the economy is performing well right now. GDP grew by 2.0% in Q1, and it is estimated to grow by 2.3% in Q2 by the Atlanta Fed . In terms of employment, over the last year the U.S. added 3.8 million jobs and now has an unemployment rate of 3.6%. With regard to inflation, both headline and core inflation are
trending downward. The Consumer Price Index (CPI) rose by 3% year-over-year in June and 0.2% for the month, below consensus estimates of 3.1% and 0.3%. This was the lowest rate of inflation since March 2021. And core inflation, which excludes food and energy prices, rose by 4.8% year-over-year and 0.2% for the month. The annual core inflation level was
the lowest since October 2021, and its monthly gain was the smallest gain since August 2021.

Most economists, forecasters, and business leaders are anticipating that the Fed will continue to raise rates throughout the year until it reaches its target inflation rate. For this reason, most forecasters still believe a mild and shallow recession is likely within the next twelve months. However, a significant minority are anticipating that the US economy will avoid a recession altogether. For example, in its latest forecast, the National Association of Realtors has the economy growing slowly every quarter throughout 2023 and projects the economy to grow by 1.1% for the whole year. 

Regardless of one’s stance on this issue, it is indisputable that the industrial market is in a favorable position to weather most headwinds the economy might face. Total retail sales grew by 1.6% in May 2023 compared to the same period a year ago , and as a percentage of total sales, e-commerce retail sales (one of the key drivers of the industrial sector) now stand at 15.1% – 3.9 percentage points higher than where it stood at its peak prior to the pandemic in Q4 of 2019. With this said, available space continues to increase and there has been a growing sentiment regarding a shift in negotiating power from Landlords to Tenants

• Former Food Facility

• Warehouse Floor Drains

• One (1) Ground Level Doors

• Fenced / Paved Yard

• Licensed Cannabis Use Possible at Higher Lease Rate

• Close Proximity to Freeways and Ports

TERM: 1 Year, Month to Month Thereafter

• ESFR Sprinkler System

• 1-2 Docks Shared

• Office & Bathrooms Possible

• Dead Storage Okay

• High Functioning Property

• Great Strategic Location

• Minutes to 10 and 15 Freway

Pomona, January 27, 2023 - In a noteworthy achievement, Lee & Associates, a prominent national commercial real estate provider renowned for its regional expertise, recently concluded a significant sales transaction involving a sprawling 288,195 square foot industrial building situated at 2875 Pomona Boulevard, Pomona, California. This particular transaction stands out as the largest industrial real estate deal in Pomona for the entirety of 2022.

The successful negotiation was orchestrated by Ron Mgrublian from Lee and Associates Los Angeles – Long Beach, in collaboration with Ed Matevosian from CBRE, both representing the buyer, Hawk Eye Holdings, LLC. This strategic partnership and negotiation prowess resulted in the seamless sale of the substantial industrial property.

The industrial real estate landscape in the East San Gabriel Valley has proven to be robust, with vacancy rates maintaining historic lows at 1.1%. Notably, the average market sale price per square foot in this region is an impressive $307, further underscoring the significance and value of the transaction orchestrated by Lee & Associates.

This successful deal not only reflects the expertise and proficiency of Lee & Associates but also underscores the buoyancy of the commercial real estate market in Pomona. As the largest broker-owned firm in North America, Lee & Associates has consistently demonstrated leadership excellence for over 40 years. Operating across the U.S. and Canada, with a substantial presence in various states and provinces, including but not limited to California, Colorado, Arizona, Florida, and more, Lee & Associates boasts a network of over 1,300 brokers nationwide.

The firm's commitment to providing specialized commercial real estate services on a local, regional, and national level has solidified its position as a key player in the industry. Lee & Associates' successful negotiation of the 288,195 square foot industrial building sale in Pomona exemplifies their dedication to delivering outstanding results for their clients while contributing to the vibrancy of the commercial real estate market. .  

 More...

Continued low vacancy rates drove higher lease rates in the 4th quarter of 2022 despite the economy slowing in other areas.

Click here to view Virtual Matterport Tour

Q3 2022 saw the economy start to slow but Industrial Real Estate remain tight.

±10,208 SF Industrial Warehouse Building

Dock Well Possible

High End Image Building

Easy Access to 405 Freeway

Top Industrial Park in Long Beach

The rare freestanding Industrial Warehouse property in Pasadena, CA features a double wide dock high door and excess land in back.  Click below for more information.

$44.39 price per square foot increase in sale prices and $0.37 psf (monthly) increase in lease rates year over year Q1 2022.  Click below for full report.