Category Archives: Uncategorized

MappSnap

We’ve been working hard on MappSnap  as we try different ways to visualize and process industrial property data. By merging Salesforce, Drupal, Parcel Data, GIS, and Street Knowledge, we’ve created a trading platform. Since it’s a 10-year bootstrap operation with a limited budget, there are many holes and broken code. However in the areas where we have put most of our resources, Gardena, of course. But also Big Industrial, here in Los Angeles, New York, Dallas and other strong industrial markets, we’ve had many notable successes dealing off large properties and portfolios.

We’ve developed several strategies. In Drupal, they use the expression taxonomies. We formed the taxonomies graphically represented here and all our data is archived similarly so we can serve up the deals our customers want to see by using primitive prediction analytics. For example,  “Occupier-in-Tow”  is a strategy to pair an infill or a land development deal with an occupier, capital and long term, mostly institutional buyers. Related areas where our data is suited is industrial parks and buildings especially in transitioning an older building from independent hands to institutional ownership. All major infill locations are suitable.

The most fun is collecting street information and archiving the data with photos and video.  It’s the final piece of knowledge that is not readily available and often the most valuable. Street knowledge is the way most long standing real estate people have survived over long careers. Tell us your deal and let us see what we can do.

431 W. Compton Blvd, Gardena, CA 90248 – 36,000 Square Feet of Industrial For Sale

431 W. Compton Boulevard, Gardena, CA (P.O.) – Unincorporated Los Angeles County.
36,078 Square Foot Building on a Lot of 68,656 Square Feet

Built in 1962 – Bow Truss Roof – 7 Dock-Hi
1 Block from 110 Freeway at Redondo Beach Blvd On/Off Ramp
1200 Amps/480 Volts; .33/3000 Fire Sprinkler
2300 Square Feet of mostly open offices / 6 Restrooms / Building Divides
15′ Under the Beam – Up to 27′
For Sale at $7,035,600.00 ($195 PSF)
Leased until June 2019 – Tenant will agree to leave early under the right circumstances

Please Contact Jim Klein, SIOR – Exclusive Agent
310-451-8121
jimklein@kleincom.com

All information obtained from reliable sources but Buyer must independently verify before purchasing.

15401 S. San Pedro Street, Gardena, CA 90248 – 25,000 Square Feet Industrial – For Sale or Lease


15401 S. San Pedro Street, Gardena, CA 90248
Unincorporated L.A. County

Building A – Front – 18,500 SF
Building B – North – 6,000 SF
Building C – Metal – 5,000 SF (not included in square footage)
2nd Story Offices – 1,763 SF
Lot Size: 60,000 SF

Completely Refurbished (As New) in 2016:
New Concrete Yard and Block Wall
New Power and Power Distribution
New Fire Sprinkler
New interior dock-hi loading – 3 positions
New upstairs offices and on-site apartment – 3,000 SF
New Truck Scale
Many advanced automation and surveillance installed
Very Secure Facility
Large Concrete Yard.
Additional 5000 SF Metal Building with New Power and Sprinkler not included in Square Footage.

Additional Property Specs:
Brand New Overhead Sprinkler System
13’4″ under beam; 15’6′ under roof panel
10’x10′ Ground Level Doors; Skylights
Brand New power panel and transformer

For Sale at : $6,500,000.00
For Lease at : $28,000 Per Month Gross ($1.12 PSF/Mo.)
Marketing Flyer – Click Here

3 Position Interior Dock – Indented 62′; Automated Levelers.

Open and Private Office – Upstairs

Large rear, all-concrete, yard

PDF FOR SITE PLAN

PDF FOR OFFICE PLAN

Please contact:
Jim Klein, SIOR
Klein Commercial Real Estate, Inc.

310-451-8121
jimklein@kleincom.com

15401 S. San Pedro Street, Gardena, CA – 25,000 SF of Industrial for Sale – $6,500,000.

Building A – Front – 16,800 SF
Building B – North – 6,000 SF
Building C – Metal – 5,000 SF
2nd Story Offices – 1,763 SF
Lot Size: 60,000 SF

Completely Refurnished in 2016:
New Concrete Yard and Block Wall
New Power and Power Distribution –
New Fire Sprinkler
New interior dock-hi loading – 3 positions
New upstairs offices and on-site apartment
New Truck Scale
Many advanced automation and surveillance installed
Very Secure Facility
Large Concrete Yard.

For Sale at : $6,500,000.00

Please contact:
Jim Klein, SIOR
Klein Commercial Real Estate, Inc.

310-451-8121
jimklein@kleincom.com

15401 S. San Pedro St., Gardena, CA 90248 (unic. L.A. County) – 25,000 SF – For Sale – Preliminary

Building A – Front – 16,800 SF
Building B – North – 6,000 SF
Building C – Metal – 5,000 SF
New Upstairs Offices – 1763 SF

Completely Refurnished in 2016:
New Concrete Yard and Block Wall
New Power and Power Distribution –
New Fire Sprinkler
New interior dock-hi loading – 3 positions
New upstairs offices and on-site apartment – 3,000 SF
New Truck Scale
Many advanced automation and surveillance installed
Very Secure Facility
Large Concrete Yard.

For Sale at : $6,500,000.00

Please contact:
Jim Klein, SIOR
Klein Commercial Real Estate, Inc.

310-451-8121
jimklein@kleincom.com

European Opportunities for U.S Occupiers and Investors

 

I just returned from the SIOR European Conference in Warsaw, Poland. It’s my third visit to Europe recently and the most persistent trend is the expansion of big warehouse development. It’s leading to opportunities for U.S. occupiers and investors mainly due to the strength of the dollar.

I saw Professor Richard Baldwin, a leading expert on the influence of the Internet and communications technology on trade and production.  Industries arbitrage labor, capital, and technology across national boundaries to find the best profitable balance. New communication technologies for example, tele-presence, will make physical collaboration possible while being thousands of miles apart.  This will open up markets and allow for input substitutions to combat tariffs.

I learned that dealing in Europe is not much different than in the United States.  Cap Rates have the same relative spreads from primary markets to secondary. Below 5% in Paris, Madrid and Germany. Rising in Central Europe until reaching Moscow above 10%. In many of the strongest markets, it’s essential to add value to overcome low returns.

In Europe partly, but particularly in the U.S., we see mispricing in B and C markets. There is not enough consideration being paid to risk from tenant quality, short leases, and building conditions.  Historical spreads between A and B are 200 to 500 basis points. Today that spread has compressed to 50 to 200 basis points.  Space Scarcity, Excess Liquidity and the end of Quantitative Easing are the culprits. Smart buyers are returning to more conservative underwriting to make sure they are being compensated for conventional risks.

Logistics and Supply Chain closely resemble the U.S. by building to scale and establishing large ecommerce buildings that supply last mile destinations and production components. Development opportunities are similar where land is controlled long term and development for occupiers creates the value. Many European developers, especially in Central Europe, have large holdings in entitled industrial land but need valuable occupiers to capitalize.

Political Risk, something the Europeans know much better than Americans, is an important aspect. Because of almost universal transparency throughout Europe, political risk has so far been muted but there is still a premium that can be earned by having the right local partners and keeping a low, fixed investment mostly in the land. Corporate credits and a robust occupier market contributes to stability. Because of the strong dollar, purchasing power leads to discounts of 25 to 50 percent.

As in the United States, access to labor is a primary factor in location decisions. There is currently a mismatch between capital and labor. Capital prefers major markets, but industry wants to locate further out where labor availability and wages are lower. This is another opportunity for private capital to earn a calculated premium.

The current World Cup is the correct metaphor for our times. While countries will rival each other on the playing field, it’s the close personal relationships I have with my European SIOR colleagues that will overcome investment and location risks. As many of our clients enter the next phase of global convergence, more frequent communication with my SIOR peers will continue to be the source of many deals.

(Wish I had a better map but shows the influence of regional differences more than national. From the wall at the Polish National Museum in Warsaw, Medieval collection)

SnapSpace in Beta

We started a new site where Users can snap pictures of available space from their phone or PC and upload directly to the site.  It’s meant to work on a market-to-market basis because it also requires extensive “‘on-the-ground” support so Users know about the service. We are testing it in Gardena first. Space providers can offer directly to Space Occupiers. You may need a log-in which you can obtain at http://54.175.202.223/. Currently we are only at a Beta test so forgive the design. The key features combine Geotagging with the Geofield module so space is both posted on the map and in the Listing Section simultaneously. Works on all mobile devices. No third party intermediary is required.

Many Tenants and Property Owners are sitting on unused or underutilized space. We provide an easy outlet to reach Space Users who will pay market rents for any type of industrial space. Either you or I can post the space directly And we will bring you a qualified tenant at market rents. Warehouse, manufacturing, truckyards are our specialty. All sizes and lease terms.