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SOUTHERN CALIFORNIA NEWS
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Los Angeles Industrial Property Sells for $392/sf

4/14/20

A 15.3k sf, industrial property in Los Angeles sold for $6 mil, or $392/sf. The property is located at 5111 and 5119 Washington Blvd, north of I-10 and just west of La Brea Ave.

Brandon Michaels with Marcus & Millichap represented the buyer and the seller, both private investors. The buyer was in a 1031 exchange and closed all cash. According to Michaels, the price of $392/sf was very strong, given the condition of the structures and the lack of amenities.





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