SIORS: Finding More Industrial Deals By Blockchain
We’ll be meeting in Phoenix for SIOR next week. They are bi-annual conferences, and this will be my 60th in attendance. There are three main reasons I attend. I learn from the best brokers and owner/developers in the industry. There are deals to make and I will see longtime friends. The 4th reason this year is to show how blockchain finds more industrial building deals.
19475 Gramercy Pl, Torrance, CA – 47,712 SF
19475 Gramercy Pl, Torrance, CA – 47,712 Square Feet
- 47,712 Square Feet on 82,255 Square Foot Site
- 14,633 SF Offices (6,912 SF in Upstairs Mezzanine)
- 3 Ground Level Loading Doors with Dock Well Possible
- 26’ Clear; 3 Sets of Men’s and Women’s Bathrooms; 2 Lunchrooms
- Secured Rear Yard; Built in 1981; Concrete Tilt-Up
- 1600 Amps, 277/480V Power; 98 Parking Spaces
- Located in Master Planned Torrance Freeway Business Park
- Adjacent to Former Toyota U.S. HQ and the Enclave Undergoing Major Redevelopment
- Immediate Access to 405 Freeway at Western Avenue.
- At the 405/110 Interchange
- Corner Location at Gramercy Place and 195th Street
- $1.75NNN + $0.32 OPEX per Square Foot per Month
For Lease
AIRCRE Flyer || PDF Flyer || As-Built
For More Information Please Contact:
Jim Klein, SIOR
(310) 451 – 8121
jimklein@kleincom.com
All information has been obtained from reliable sources, however Property Owner and Broker make no representations as to the information’s accuracy. All tenants and buyers to independently investigate and verify all matters pertaining to the property including but not limited to zoning, physical details, environmental, improvements and any other conditions that affect the Tenant’s or Buyer’s use and occupancy of the property.
Industrial Space Market Premium
Industrial building rents are surging. Largest and fastest increases I’ve ever seen. We are almost at the point where rents and sale prices have doubled since the start of Covid. If rents were quoted daily, there would be the same large spikes you see in oil or wheat markets. Because industrial building market data is opaque, only those buyers (and brokers) most in tune with the industrial market read it accurately. Tenants are paying premium prices to obtain space under constrained conditions.
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14446 S Avalon, Gardena, CA – 8,520 SF
14446 S Avalon, Gardena, CA – 8,520 Square Feet
2022 Continues – Severe Space Shortages
Acute space shortages are national news. Not only here in Los Angeles, where it’s about the worst, but all over the United States. Many tenants are being caught short and others are taking space far in advance, at greater amounts, and at much higher cost. Price bidding leads landlords to weigh credit, use, and history. Credit is the most important enhancement because it notably increases the value of buildings. Larger landlords also favor tenants that will lease multiple buildings across their national holdings.
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Are You Decentralized?
More real estate opportunities are popping up on decentralized platforms than ever before. Take for instance Los Angeles. There are more industrial buildings sold “off-market” than on. Industrial real estate has always had a decentralized component. Brokers find a good lead. They shop it first to their best clients off-market, decentralized. And if unsuccessful, put it on the market, on a central, MLS-type server for all to search and see. The difference today is that blockchain and cryptography is an electronic evolution that will give customers new ways to profit from their real estate.
Can Crypto and Blockchain Secure your Commissions
If you had the experience of driving down the street and seeing a building where you should have been paid and were not, this simple technology is of note. As more deals move “off-market”, I want certainty of commission arrangements. Ruthless competition and extreme space shortages is an explosive combination. In this hyper-intense market, this is one example of how I prove Procuring Cause using Blockchain.
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2021 Remains an Unbalanced Industrial Market
The industrial property business has grown from a real estate niche serving mostly large corporations and owner/users to a favored investment of large institutions. The rise coincided with the great manufacturing upheaval of shuttered plants as companies shifted production offshore. Goods return in containerized shipments and begat the new industry of logistics. The result was increased liquidity of both goods and capital. A situation that is ideal for warehouse development and investment. Today’s industrial marketplace is made up of global and national 3pls, shipping companies, e-commerce, and on the capital side, Industrial REITS, large investment funds, and a handful of developers. The Covid Supply Chain phenomena and an increase in tariffs has compounded an already unbalanced space market to acute levels
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