Industrial Warehouse For Sale

2640 E 26th StreetOffering Memorandum Moon Lim

213.308.2056

2 | 2640 E. 26th Street, Vernon, CA 90058

SummaryInvestment Summary2640 E. 26th StreetVernon, CA 90058

26th Street

Washington Blvd

2640 E. 26th Street | Vernon, CA

The Offering

JLL | 3

• Close Proximity to Downtown Los Angeles and 20 Minutes North of Los Angeles and Long Beach Ports

• Large Fenced Yard Area for Trailer Parking or Outdoor Storage

• 13 Dock High Loading Doors

• Brand New Offices with Recently Renovated Roof that includes Natural Skylights and Fluorescent Lighting

• Space Can be Used as a Whole or Divided

• Located in the Northern Part of Vernon Where Truck and Freight are Allowed and the Property is Qualified for Trucking Permit

• Perfect Property for Owner-User Who Needs Manufacturing, Truck-ing and Warehousing

INVESTMENT HIGHLIGHTS

OFFERING SUMMARY

Offering Price $9,499,000

Total GLA 40,105 SF

Price/SF GLA $236.85

Lot Area 82,512 SF

Price/SF Lot $115.12

4 | 2640 E. 26th Street, Vernon, CA 90058

PropertyProperty Overview2640 E. 26th StreetVernon, CA 90058

2640 E. 26th Street | Vernon, CAProperty Overview

PROPERTY DETAILS

OFFERING SUMMARY

Address 2640 East 26th Street, Vernon, California 90058

APN 6302-001-028

Gross Leaseable Area (GLA) 40,105 SF

Lot Size 82,512 SF / 1.89 AC

Zoning M

Year Built/ Renovated 1964 / 2015

Ceiling Height 16 ft - 18 ft

Office Spce +/- 8,741 SF Total (Space A : +/- 6,241 SF , Space B: +/-2,500 SF)

Parking 52 Total (44 Standard, 6 Compact, 3 Handicap)

Docks 13

Power 600a/277-480v 3p

Offering Price $9,499,000

Total GLA 40,105 SF

Price/SF GLA $236.85

Lot Area 82,512 SF

Price/SF Lot $115.12

JLL | 5

SITE PLAN

Floor Space 26,440 SF

Office Space Appx. 6,241 SF

Non Office Space 5,241 SF

Restroom 128 SF

Floor Space 13,665 SF

Office Space Appx. 2,500 SF

Restroom 130 SF

Elec. Room 40 SF

Janitor Room 45 SF

UNIT A

UNIT B

Unit A Unit B

6 | 2640 E. 26th Street, Vernon, CA 90058

The MarketAbout The City of Vernon The City of Vernon is an industrial city of 5.2 square miles lo-cated several miles to the southeast of Downtown Los Angeles in Southern California. Founded in 1905 as the first exclusively industrial city in the Southwestern United States, Vernon cur-rently houses more than 1,800 businesses that employ approxi-mately 50,000 people, serving as a vital economic engine in the region. Offering an environment uniquely friendly to business, Vernon is the home to industries including food and agricul-ture, apparel, steel, plastics, logistics and home furnishings. Vernon maintains strong philanthropic ties with the neighbor-ing communities where much its workforce lives, providing significant financial support for public services like health care and education.

Demand has historically been strong in Vernon due to its prox-imity to Downtown LA and the Alameda Corridor. Vacancies remained below 6% during the downturn and currently stand at 3.3%. However, about 200 basis points of that change stems from the conversion of the vacant Sears Towers distribution facility to a mixed-use complex with over 1,000 apartment units. Rent growth has been robust since 2014, but the aging in-ventory keeps average rents well below the metro average and rent gains have sharply decelerated in the second half of 2018. Land availability and traffic congestion limit construction, and few buildings have delivered this cycle. The largest industrial development in the pipeline is a two-building Prologis project

Specialized Industrial: 2.5% Logistics: 3.9% Flex: 0.7%

with 346,000 SF of warehouse, that will replace a 1960s vintage 418,600 SF warehouse that was vacated near the end of 2018.

Investors remain interested in the submarket, and sales volume exceeded $460 million in 2018. Vernon is exclusively industrial, as the city has been described since its foundation. The sub-market also comprises densely populated Huntington Park, Maywood, and Southern portions of Boyle Heights, which can be disadvantageous for companies moving goods in and out of buildings. Almost one-tenth of the metro’s industrial stock is in the submarket, which contains mostly older, 1 & 2 Star invento-ry related to manufacturing.

VACANCY RATE SUBMARKET 3.3%

SALES VOLUME & MARKET SALE PRICE PER SFMARKET RENT PER SQUARE FOOT

The City of Vernon - Industrial Submarket Overview

2640 E. 26th Street | Vernon, CAMarket Overiew

BANDINI BLVD

61st St

Fruitland Av

58th St

60th St

E WASHINGTON BLVD

56th St

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RANDOLPH ST

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TA F

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Alco

a A

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District Blvd

Soto

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East

ern

Av

54th St

S B

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Paci

fic B

lvd

52nd St

Union Pacific Av

E Vernon Av

Giff

ord

Av

E 55th St

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CH

AV

E Slauson Av

Fruitland Av

LOS ANGELES RIVER

May

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Pine

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E 26Th St

E 57th St

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LEONIS BLVD

Triggs St

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Av

King

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E 46th St

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Sheila St

Sevi

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Clarendon Av

Noakes St

59th Pl

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ona

Av

E VERNON AV

E Slauson Av

57th St

S ATLANTIC BLVD

UNION PACIFIC RRBURLINGTON NORTHERN SANTA FE RR

E 27th St

Car

mel

ita A

v

E 38th St

52Nd Pl

E 58th St

E 44th St

Mile

s Av

E 25th St

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E 48th St

Emery St

Couts Av

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TELEGRAPH RD

FRUITLAND AV

E 54th St Alco

a A

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ana

StRoss St

Leonis St

E 56th St

E 54th St

E 53rd St

Arbu

tus

Av

E 15Th St

Lindbergh Ln

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Mal

burg

Wy

Exchange Av

Nobel St

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Astor Av

Ayers Av

E 52nd Pl

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Laura Av

Dunham St

Ran

som

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E 48th Pl

Ham

pton

St

Charter St

E 60th St

E 41st Pl

E 24th St

Stau

nton

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60th Pl

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rt A

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E 45th St

Belgrave AvS

Indi

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BANDINI BLVDLOS ANGELES JUNCTION RR

UNION PACIFIC RR

E 43rd St

E 58th Pl

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onni

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ach

Pl

Packers Av

Sevi

lle A

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Lugo St

Los

Pal

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S S

unol

Dr

Chambers St

Holabird Av

Haw

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ne A

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Furlo

ng P

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Alco

a A

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53rd St

55th St

UNIO

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UNIO

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RR

UNION PACIFIC RR

E 49Th St

E Slauson Av

Sheila St

61st St

E 51st St

Long Beach Frwy

Belgrave Av

DISTRICT BLVD 26Th St

E 26th St

Ayer

s Av

E VERNON AV

Irving St

RANDOLPH ST

Lom

a V

ista

Av

57th St

Ever

ett A

v

Lom

a V

ista

Av

E 37TH ST

E SLAUSON AV

E 45th St

E 46th St

E 42nd St

E 50th St

E 52nd St

E 54th St

PAC

IFIC

BLV

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E 28th ST

30th St

E 45th St

E 46th St

Sain

t Cha

rles

St

E 52nd St

Ros

s St

E 37th St

ALA

ME

DA

ST

BO

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AV

SO

TO S

TS

Sot

o S

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S S

anta

Fe

Av

E 49th St

Martin LutherKing Jr Blvd

E 41st St

E 40th Pl

Alam

eda

St

S S

anta

Fe

Av

Reg

ent S

t

E 26th St

Sevi

lle A

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DO

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TIC

BLV

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E 50th St

52nd St

54th St

56th St

58th St

55th St

58th St

May

flow

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61st Pl

Woo

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61st St

0 500 1,000 1,500 2,000Feet

Adopted April 2015City Council Ordinance No. 1227

C i t y o f V e r n o nZ O N I N G M A P

Vernon City Boundary

Vernon Sphere of Influence

Freeway

Railroad

Base MapZoneIndustrial Housing

Emergency ShelterCommercial-1Commercial-2RenderingSlaughteringTruck and Freight Terminal

Overlay Zones

SUBJECT PROPERTY

• Located in the Northern Part of Vernon Where Truck and Freight are Allowed and the Property is Qualified for Trucking Permit

• Perfect Property for Owner-User Who Needs Man-ufacturing, Trucking and Warehousing

Truck and Freight TerminalCITY OF VERNON ZONING MAP

26th Street

JLL | 7

8 | 2640 E. 26th Street, Vernon, CA 90058

CONFIDENTIALITY AND DISCLAIMER

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a pre-liminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. JLL has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject prop-erty, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occu-pancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, JLL has not verified, and will not verify, any of the information contained herein, nor has JLL conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

JLL is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of JLL, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of JLL, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR JLL AGENT FOR MORE DETAILS.

2640 East 26th Street

EXCLUSIVELY LISTED BY

Moon LimSenior Vice President213.308.2056 cell213.239.6013 officemoon.lim@am.jll.comLicense CA 01903050