Description

1403-1411 W PICO BLVD & 1410-1418 W 12TH PL is a 41,420 SF industrial property for sale in the Pico-Union submarket of Los Angeles, CA. At 100% occupancy, the acquisition centers on an occupied asset and its in-place income.

The property occupies 1.1 acres, giving buyers both an industrial building and its underlying site in a single acquisition. For an investor, the building’s 41,420 SF establishes the scale of the income-producing asset, while the site area is part of the physical property being acquired. Occupancy at 100% puts the emphasis on the existing operation rather than a vacancy-filling strategy. For an owner-user, that same occupancy makes the property an acquisition of occupied space, not an empty building ready for immediate use. The asset is best understood through those distinct building, land, and occupancy facts, without treating the site area as a substitute for building size.

The asking price is $10,981,368, with pricing of $265 PSF and $9,983,062 per acre. In-place NOI is $625,938, and the in-place cap rate is 5.70%. These measures give an investor separate ways to examine the purchase: the asking price establishes the acquisition cost, the area-based prices relate that cost to the building and land, and the in-place figures describe current income relative to price. With 100% occupancy, the investment case rests on the property as occupied today. The opportunity is to acquire an industrial property whose building size, site area, pricing, and in-place income can be considered together.