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LO C A L E X P E R T I S E . I N T E R N AT I O N A L R E AC H . W O R L D C L A S S .lee-associates.com

8585%INCREASE IN

TRANSACTION VOLUMEOVER 5 YEARS

5757+OFFICES

NATIONWIDE

13$13+$BILLION TRANSACTION

VOLUME(2017)

1,0001,000+PROFESSIONALSAND GROWINGNATIONWIDE

LEE & ASSOCIATES • 2018 • 4TH QUARTER INDUSTRIAL MARKET REPORT

2018 was another strong year for the Los Angeles Industrial market. As it has been the case throughout each quarter of 2018, record-low vacancies and rising rents con-tinue to dominate the sector. Although this year witnessed the highest level of new de-liveries to the market at 5.4 million square feet (MSF), market wide vacancies barely budged. For, absorption kept pace with sup-ply. Newly completed facilities command-ed a premium rate because of higher land prices. Moreover, the desire of tenants to occupy quality Class A & B facilities result-ed in record-high rents. Landlords of lower quality facilities pushed rents higher by re-quiring longer lease terms and extensions, and higher annual rent increases. In some cases, the alternative use of industrial facilities as studios or creative offices increased rents and sales values in certain pockets. Consequently, due to limited availability, and the fierce competition amongst users for space, the average asking lease rate ended 2018 at $0.87 per sq. ft. This marks a year over year increase of 11.5%, and over the last two years, overall asking rents have grown by 14.5%. Rental rates are expected to trend upward for well into 2019.

Even with the tight market, leasing activity remained com-paratively healthy with a year-end total of 34.1 MSF, a hike of 2.3% from last year. This level of activity also made the region the second most active market in the nation in terms of leasing volume, just behind the Inland Empire. The combi-nation of limited new product and strong demand has result-ed in historically strong performance for Class A product and improved fundamentals for Class B and C product in ideally situated locations.

Unlike the Inland Empire, where construction of Industrial space is at all-time highs, tenant demand is surpassing the capacity of developers to deliver new Industrial product be-cause of the lack of land available to develop, and its pro-hibitively high cost in Los Angeles. The existing inventory is aging and becoming functionally obsolete. Nonetheless, the demand for modern facilities—i.e., facilities with high clear-ances, wider column spacing, and deeper truck courts which makes operations easier and efficient for tenants is at an all-time high in Los Angeles. This combination of factors has been an undeniable windfall for landlords, inducing a fierce competition for industrial space. Tenants simply have less options to choose from and must take what they can. As a re-sult, tenants are witnessing tenant concessions decline and marked increases in starting rents. Landlords can increase rates across all classes of Industrial products and rental rates now are at all-time highs. Currently, the rents are the highest on record in the history of market.

Once an afterthought of commercial real estate, industrial assets are now prized commodities. In fact, with institutional investors under-allocated in core product, demand for Indus-trial product has never been greater. Expect the newly delivered industrial buildings in the South Bay, LA Central, and Mid-Counties to lease quickly since transport costs typically account for 50% of a typical distrib-utor’s expenditure. By contrast, real estate costs amount to about 5% of their expenses. Expect, also, for rental rates to continue their assent and vacancies to remain extremely tight throughout 2019. While economists diverge in their forecasts for 2020 and beyond, there is a wide consensus that 2019 will be another strong year for the industrial sector of the Los Angeles.

STRONG RENT GROWTH & STRONG DEMAND FOR LOSANGELES INDUSTRIAL BUILDINGS

$15,000

$20,000

$25,000

2013 2014 2015 2016 2017 2018

$40.00

$60.00

$80.00

$100.00

2013 2014 2015 2016 2017 2018

%1.5

%2.0

%2.5

%3.0

2013 2014 2015 2016 2017 2018

%1.00

%2.00

%3.00

%4.00

%5.00

%6.00

%7.00

%8.00

2013 2014 2015 2016 2017 2018

2013 $16,576

2014 $17,832

2015 $17,425

2016 $19,762

2017 $24,809

2018 $23,062

2013 $98.87

2014 $60.55

2015 $46.92

2016 $52.80

2017 $60.42

2018 $54.31

2013 2.12%

2014 1.98%

2015 2.28%

2016 2.28%

2017 2.40%

2018 2.81%

2013 6.70%

2014 5.60%

2015 5.00%

2016 4.90%

2017 4.10%

2018 4.00%

DOW JONES IND. AVERAGE

CRUDE OIL PRICES (USD/ BBL)

U.S. 10 YEAR TREASURY RATES

U.S. UNEMPLOYMENT RATE

ECONOMIC INDICATORS

CENTRAL LOS ANGELES MID-COUNTIES

▲ A B S O R P T I O N ▲

▼ VAC A N C Y ▼

▼ AVA I L A B I L I T Y ▼

217,700,540 B A S E ( S F ) 111,861,307

2.63 VAC A N C Y ( % ) 2.62

2.89 AVA I L A B I L I T Y ( % ) 4.99

1,248,402 S A L E AC T I V I T Y ( S F ) 489,237

2,160,499 L E A S E AC T I V I T Y ( S F ) 2,376,921

Vacancy Rates

Q1-2018 Q2-2018 Q3-2018 Q4-20180.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8

Downtown LA 3.01 2.90 2.70 3.02

Commerce Area 1.86 2.64 2.60 2.68

Vernon Area 2.85 2.90 3.20 3.00

Mid-Counties 2.53 2.44 2.60 2.62

Average Lease Rates

Q1-2018 Q2-2018 Q3-2018 Q4-20180.0

0.20

0.40

0.60

0.80

1.00

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8

Downtown LA 0.86 0.88 0.89 0.93

Commerce Area 0.81 0.80 0.73 0.78

Vernon Area 0.68 0.70 0.73 0.80

Mid-Counties 0.85 0.86 0.84 0.90

CENTRAL LOS ANGELES& MID-COUNTIES

5

5

5

10

10

1010

15

15

5

5

110

105

405

405

215

215

215

210

210

210

210

9191

91

60

60601

2

1

190

27

1

1 55

22

57 71

30

30

30

1 74

73

103

133

241

134

170

101

101101

SOUTH EAST MARKETSOUTH EAST MARKET

CENTRAL MARKETCENTRAL MARKET

ORANGE COUNTY

RIVERSIDE COUNTY

SAN BERNARDINO COUNTY

LOS ANGELES CO.

ORANGECOUNTY

LOSANGELES

SAN GABRIELVALLEY

MID COUNTIES

SOUTHBAY

CHINO/ONTARIO

CHINOAIRPORT

PORT OFLONG BEACH

PORT OFLOS ANGELES

VAN NUYSAIRPORT BURBANK

AIRPORT

LAX

LONG BEACHAIRPORT

JOHN WAYNEAIRPORT

ONTARIOINT'L AIRPORT

IRVINE

LAGUNANIGUEL

DANAPOINT

SANTA ANA

ORANGEGARDENGROVE

COSTAMESA

SANCLEMENTE

LONGBEACHSAN

PEDRO

PALOSVERDES

TORRANCE

GLENDORAUPLAND

RANCHOCUCAMONGA

FONTANA

MIRALOMA

RIVERSIDE

SAN BERNARDINO

ONTARIO

CHINOCITY OF

INDUSTRY

POMONA

FULLERTON

ANAHEIM

BALDWINPARK

CORONA

BREA

NORWALK

HERMOSA BEACH

MANHATTAN BEACH

EL SEGUNDO

MARINA DEL REY

SANTAMONICA

CULVERCITY

GLENDALE

BURBANK

VAN NUYS

ENCINO

SANTA FESPRINGS

BEVERLY HILLS

STUDIO CITY

HUNTINGTONBEACH

DOWNTOWNLOS ANGELES

NEWPORT BEACHBEACH

DIAMONDBAR

Va c a n c y R a t e s

BASE SF AVAILABILITY RATE (%) VACANCY RATE (%)

Commerce 49,052,326 1.70 ▼ 1.33 ▼

Los Angeles 78,372,945 3.75 ▲ 3.02 ▼

Montebello 10,052,026 2.98 ▲ 1.69 ▲

Pico Rivera 9,563,173 2.64 ▼ 2.48 ▼

Vernon 53,163,970 3.40 ▲ 3.07 ▼


Buena Park 12,578,977 12.97 ▼ 4.45 ▲

Cerritos 12,863,680 7.96 ▼ 6.20 ▲

La Mirada 13,058,861 3.37 ▼ 1.69 ▼

Norwalk 4,017,815 4.41 ▼ 4.41 ▼

Santa Fe Springs 53,475,953 2.58 ▼ 1.72 ▼

SELECT STATS (10K AND UP)

AVAILABILITY RATE • THE PERCENTAGE OF ALL SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN A GIVEN AREA.

VACANCY RATE • THE PERCENTAGE OF ALL UNOCCUPIED SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN A GIVEN AREA.

GROSS LEASE (GRS) • A LEASE AGREEMENT IN WHICH THE STATED RENT BEING PAID TO THE LANDLORD INCLUDES PROPERTY TAXES AND PROPERTY INSURANCE.

GROSS ABSORPTION • TOTAL NUMBER OF PROPERTIES LEASED OR SOLD FOR OCCUPANCY AT A PERIOD OF TIME IN A GIVEN AREA.

TRIPLE NET LEASE (NNN) • A LEASE AGREEMENT WHEREBY THE TENANT IS OBLIGATED TO PAY FOR ALL THE OPERATING EXPENSES, I.E. PROPERTY TAXES, PROPERTY INSURANCE, AND FACILITY MAINTENANCE.

BASE SF • SQUARE FOOTAGE OF EXISTING AND UNDER CONSTRUCTION INDUSTRIAL BUILDINGS.


Lease & Sales Activity

Notable TransactionsSALE YTD

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2015 20182016 2017

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2015 20182016 2017

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2015 20182016 2017

0

2,000,000

4,000,000

6,000,000

8,000,000

2015 20182016 2017

2015 2016 2017 2018*

1,693,714 3,081,885 2,876,430 3,281,424

1,744,846 4,505,250 2,238,777 1,855,161

Downtown LAS

F

5

SLAUSON AVE

GRE

ENW

OO

D A

VE

TRAV

IS A

VE

VOLM

ER A

VE

BANDINI BLVD

TELEGRAPH RD

LEASED | 97,960 SF

7355 E. Slauson Ave. Commerce, CA 90040

David Brandt and Peter Bacci represented the Lessor in this Lease transaction.

2015 2016 2017 2018*

2,092,388 4,025,915 3,025,149 3,676,053

1,747,342 1,619,561 2,396,822 2,129,632

Vernon Area

SF

2015 2016 2017 2018*

3,249,084 5,038,117 3,284,097 2,967,066

1,860,395 951,484 1,100,761 3,144,654

Commerce Area

SF

2015 2016 2017 2018*

7,611,587 5,168,908 7,281,538 6,751,852

3,858,021 6,090,648 4,458,893 1,936,090

Mid-Counties

SF

LEASE

LEASED | 165,636 SF

4615 Alcoa Ave. Unit-A, Vernon, CA 90058

Peter Bacci, JP Gormly and Adam Vilan represented the Lessee: Channel Control Merchant of California, LLC and Peter Bacci, Jack Cline and Doug Cline represented the Lessor: 45th Street, LLC in this Lease transaction.

*

SOLD | 98,757 SF

2939 S. Vail Ave. Commerce, CA 90040

Jack Cline and Jeff Bethel represented the Buyer: Gaza Vail, LLC and Mollie Dietsch represented the Seller: Metropolitan Vail LLC in this Sale transaction.

SOLD | 96,178 SF

5531-5333 E. Slauson Ave. Commerce, CA 90040

Tony Naples represented the Seller: CRPF IV Slauson LLC in this Sale transaction.

LEASED | 33,700 SF

8122 Maie Ave. Los Angeles, CA 90001

Jim Halferty represented the Lessor: Maie JT & KT Development LLC in this Lease transaction.

LEASED | 77,742 SF

3130 E. Leonis Blvd. Vernon, CA 90058

Chuck Campbell and Jack Cline represented the Lessee: Anaya Brothers Cutting, LLC and the Lessor: Infinity Holdings, LLC in this Lease transaction.

LEASED | 25,000 SF

6015 Randolph St. B, Commerce, CA 90040

Tim Cronin represented the Lessee: Aurora World, Inc., JP Gormly and Peter Bacci represented the Lessor: EPKS LLC in this Lease transaction.

SUBLEASED | 44,500 SF

1920 Violet St. Los Angeles, CA 90021

Mike Smith and Jim Halferty represented the Lessor in this Lease transaction.

SOLD | 20,000 SF

5476-5600 Jillson St. & 2500 Eastern Ave. Commerce, CA 90040

Tom O’ Loughlin represented the Buyer: City of Commerce and the Seller: Eastside Development Company in this Sale transaction.


San Gabriel Valley

A B S O R P T I O N ▲

VAC A N C Y ▼

AVA I L A B I L I T Y ▼

B A S E ( S F ) 171,800,162

VAC A N C Y ( % ) 2.55

AVA I L A B I L I T Y ( % ) 3.01

S A L E AC T I V I T Y ( S F ) 737,807

L E A S E AC T I V I T Y ( S F ) 1,908,500

Vacancy Rates Average Lease Rates

Q1-2018 Q2-2018 Q3-2018 Q4-20180

1.00

2.00

3.00

4.00

5.00

Q1-2018 Q2-2018 Q3-2018 Q4-20180.0

0.20

0.40

0.60

0.80

1.00

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8

60 Fwy Corridor 1.32 1.73 2.66 2.93

210 Fwy Corridor 4.52 3.09 2.8 2.26

West SGV 1.08 2.16 2.1 1.19

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8

60 Fwy Corridor 0.75 0.81 0.87 0.91

210 Fwy Corridor 0.7 0.8 0.89 0.96

West SGV 0.85 0.9 0.92 0.94

5

5

5

10

10

1010

15

15

5

5

110

105

405

405

215

215

215

210

210

210

210

9191

91

60

60601

2

1

190

27

1

1 55

22

57 71

30

30

30

1 74

73

103

133

241

134

170

101

101101

EAST MARKETEAST MARKET

ORANGE COUNTY

RIVERSIDE COUNTY


LOS ANGELES CO.

ORANGECOUNTY

LOSANGELES

SAN GABRIELVALLEY

MID COUNTIES

SOUTHBAY

CHINO/ONTARIO

CHINOAIRPORT

PORT OFLONG BEACH

PORT OFLOS ANGELES


AIRPORT

LAX

LONG BEACHAIRPORT

JOHN WAYNEAIRPORT


IRVINE

LAGUNANIGUEL

DANAPOINT

SANTA ANA

ORANGEGARDENGROVE

COSTAMESA

SANCLEMENTE

LONGBEACHSAN

PEDRO

PALOSVERDES

TORRANCE

GLENDORAUPLAND

RANCHOCUCAMONGA

FONTANA

MIRALOMA

RIVERSIDE

SAN BERNARDINO

ONTARIO

CHINOCITY OF

INDUSTRY

POMONA

FULLERTON

ANAHEIM

BALDWINPARK

CORONA

BREA

NORWALK

HERMOSA BEACH

MANHATTAN BEACH

EL SEGUNDO

MARINA DEL REY

SANTAMONICA

CULVERCITY

GLENDALE

BURBANK

VAN NUYS

ENCINO

SANTA FESPRINGS

BEVERLY HILLS

STUDIO CITY

HUNTINGTONBEACH

DOWNTOWNLOS ANGELES

NEWPORT BEACHBEACH

DIAMONDBAR

Vacancy RatesBASE SF AVAILABILITY RATE (%) VACANCY RATE (%)

Azusa 8,027,497 4.14 ▲ 2.70 ▼

Baldwin Park 4,845,471 2.10 ▼ 1.56 ▼

Covina 2,383,181 0.69 ▼ 0.69 ▼

Diamond Bar 1,268,125 2.29 ▲ 2.29 ▲

Duarte 8,234,818 2.08 ▲ 0.74 ▼

El Monte 8,234,818 0.12 ▼ 0.12 ▼


Industry 67,758,085 4.62 ▲ 3.77 ▲

Irwindale 13,064,511 7.92 ▼ 2.28 ▲

Monrovia 3,380,457 0 ▼ 0 ▼

Pomona 18,422,385 2.18 ▲ 2.18 ▲

South El Monte 7,675,645 1.35 ▼ 1.35 ▼

Walnut 3,789,734 2.29 ▼ 2.00 ▼

SELECT STATS (10K AND UP)







SAN GABRIEL VALLEY


Notable Transactions

0

2,000,000

4,000,000

6,000,000

8,000,000

2015 20182016 2017

2015 2016 2017 2018*

6,235,753 5,897,602 6,091,289 5,425,656

2,961,962 3,201,500 7,187,256 1,876,745

60 Freeway CorridorS

F

0

500,000

1,000,000

1,500,000

2,000,000

2015 20182016 2017

2015 2016 2017 2018*

835,134 1,503,251 1,177,839 1,044,556

1,305,524 1,460,282 1,150,692 879,122

210 Freeway Corridor

SF

0

500,000

1,000,000

1,500,000

2,000,000

2015 20182016 2017

2015 2016 2017 2018*

578,894 517,143 894,013 1,984,463

798,821 1,734,492 1,655,913 693,807

West SGV

SF

Lease & Sales Activity

SALE YTDLEASE *

LEASED | 86,088 SF

651 Wharton Dr. Claremont, CA 91711

Jeff Bethel and Peter Bacci represented the Lessor: KC Cook Indus-trial Properties, LLC in this Lease transaction.

SOLD | 217,464 SF

14505 Proctor Ave. Industry, CA 91746

Adam Dzierzynski and Tai Ngo represented the Seller: Sun Hing Properties LLC and the Buyer: Gear 14505 Proctor, LLC in this Sale transaction.

LEASED | 65,599 SF

17651 Railroad St. Unit A/B, Industry, CA 91748

Jeff Bethel represented the Lessor: Railroad Industrial Investors, LLC in this Lease transaction.

LEASED | 52,745 SF

LEASED | 28,272 SF LEASED | 21,020 SF LEASED | 19,233 SF

LEASED | 38,270 SF LEASED | 32,750 SF

425 Turnbull Canyon Rd. Industry, CA 91745

20465 N. Walnut Dr. B, Industry, CA 91789 14750 E. Nelson Ave. H, Industry, CA 91744 3215 Producer Way, Pomona, CA 91768

5367 Ayon Ave. Irwindale, CA 91706 908 Canada Cr. Industry, CA 91748

Steve Shatafian, Dave Hunsaker and Charles Noble represented the Lessee: Thunder International Group, Inc. and the Lessor: Hunsaker Family Trust in this Lease transaction.

Kevin Ching represented the Lessee: Tranplus Union, Inc. and the Lessor: CST Holding Investment, LLC in this Lease transaction.

Justin Chiang represented the Lessee: Perfect 85 Degrees, Chris Bonney represented the Lessor: Rexford Industrial Nelson, LLC in this Lease transaction.

Kevin Ching represented the Lessee: KC Pharmaceuticals, Inc and Jeff Bethel represented the Lessor: Lejay Winkler Trust in this Lease transaction.

Peter Bacci, Michael Tsaparian and JP Gormly represented the Lessor: CHP Properties in this Lease transaction.

Kevin Ching represented the Lessor: Micro Depot, Inc in this Lease transaction.


Q1-2018 Q2-2018 Q3-2018 Q4-20180.00.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80Vacancy Rates Average Lease Rates

Q1-2018 Q2-2018 Q3-2018 Q4-20180

1.00

2.00

3.00

4.00

5.00

6.00

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8

IE West 3.08 2.89 2.96 2.56

IE East 5.89 4.12 4.89 5.58

Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8

IE West 0.69 0.66 0.63 0.68

IE East 0.56 0.57 0.55 0.71

5

5

5

10

10

1010

15

15

5

5

110

105

405

405

215

215

215

210

210

210

210

9191

91

60

60601

2

1

190

27

1

1 55

22

57 71

30

30

30

1 74

73

103

133

241

134

170

101

101101

INLAND EMPIREMARKET

INLAND EMPIREMARKET

ORANGE COUNTY

RIVERSIDE COUNTY


LOS ANGELES CO.

ORANGECOUNTY

LOSANGELES

SAN GABRIELVALLEY

MID COUNTIES

SOUTHBAY

CHINO/ONTARIO

CHINOAIRPORT

PORT OFLONG BEACH

PORT OFLOS ANGELES


AIRPORT

LAX

LONG BEACHAIRPORT

JOHN WAYNEAIRPORT


IRVINE

LAGUNANIGUEL

DANAPOINT

SANTA ANA

ORANGEGARDENGROVE

COSTAMESA

SANCLEMENTE

LONGBEACHSAN

PEDRO

PALOSVERDES

TORRANCE

GLENDORAUPLAND

RANCHOCUCAMONGA

FONTANA

MIRALOMA

RIVERSIDE

SAN BERNARDINO

ONTARIO

CHINOCITY OF

INDUSTRY

POMONA

FULLERTON

ANAHEIM

BALDWINPARK

CORONA

BREA

NORWALK

HERMOSA BEACH

MANHATTAN BEACH

EL SEGUNDO

MARINA DEL REY

SANTAMONICA

CULVERCITY

GLENDALE

BURBANK

VAN NUYS

ENCINO

SANTA FESPRINGS

BEVERLY HILLS

STUDIO CITY

HUNTINGTONBEACH

DOWNTOWNLOS ANGELES

NEWPORT BEACHBEACH

DIAMONDBAR

DATA FOR BUILDINGS 10,000 SF AND GREATER







IE West IE East

▲ A B S O R P T I O N ▲

▼ VAC A N C Y ▲

▼ AVA I L A B I L I T Y ▲

296,787,546 B A S E ( S F ) 218,745,567

2.48 VAC A N C Y ( % ) 3.98

4.09 AVA I L A B I L I T Y ( % ) 5.12

3,789,558 G R O S S A B S O R P T I O N ( S F ) 5,147,879

Inland Empire WestBASE AVAILABILITY VACANT

SF SPACES SF RATE (%) SF RATE (%)

Chino/Chino Hills 47,878,244 889 1,125,139 2.35 1,067,685 2.23

Fontana 58,217,987 691 3,429,039 5.89 2,398,581 4.12

Mira Loma 3,687,527 178 151,926 4.12 74,857 2.03

Montclair 3,325,756 192 236,794 7.12 76,492 2.30

Ontario 105,874,587 1441 3,303,287 3.12 4,362,033 4.12

Rancho Cucamonga 38,129,874 698 1,952,250 5.12 876,987 2.30

Upland 4,289,756 253 133,840 3.12 178,454 4.16

INLAND EMPIRE


Notable Transactions

BASE AVAILABILITY VACANTSF SPACES SF RATE (%) SF RATE (%)

Banning 987,513 48 67,842 6.87 60,436 6.12

Beaumont 3,128,745 42 0 0 0 0

Bloomington 4,458,742 80 44,587 1 44,587 1

Corona/Norco 30,789,574 960 1,576,426 5.12 1,268,530 4.12

Colton 8,679,558 160 531,189 6.12 531,189 6.12

Moreno Valley 21,786,554 70 1,769,068 8.12 1,764,711 8.1

Perris 20,784,745 165 276,437 1.33 1,895,569 9.12

Redlands 25,785,741 209 1,320,230 5.12 1,062,373 4.12

Rialto 21,874,578 152 1,183,415 5.41 1,776,216 8.12

Riverside 45,875,242 1110 2,243,299 4.89 2,835,090 6.18

San Bernardino/Highland 34,587,514 556 1,798,551 5.2 2,815,424 8.14

Inland Empire East

DATA FOR BUILDINGS 10,000 SF AND GREATER

LEASED | 41,166 SF

13828 Mountain Ave. Chino, CA 91710

Steve Coulter and Pat Bogan represented the Lessor: Golden Giant Liong LLC in this Lease transaction.

LEASED | 115,000 SF

SOLD | 24,858 SF

8570 Hickory Ave, B, Rancho Cucamonga, CA 91739

5475 Daniels St. Chino, CA 91710

Travis Allan represented the Lessee in this Lease transaction.

John Espinosa, Kevin Ching and Justin Chiang represented the Buyer: Allstrong Properties, LLC and John Espinosa represented the Seller: S&W Property Management, LLC in this Sale transaction.

LEASED | 35,553 SF

4820 Schaefer Ave. Bldg. 1, Chino, CA 91710

John Espinosa, Steve Coulter and Pat Bogan represented the Lessor: JMT, Inc. in this Lease transaction.


LEASED | 10,094 SF

12285 Colony Ave. Chino, CA 91710

Kevin Ching, Justin Chiang and Pat Bogan represented the Lessee: Aosmart, Inc and Jeff Bethel and Kevin Ching represented the Lessor: Sheng Chih Liang in this Lease transaction.

SOLD | 17,920 SF

4849 Murietta St. Chino, CA 91710

Pat Bogan, Steve Coulter and Steve Shatafian represented the Seller: The Charles Garner McComber in this Sale transaction.

SOLD | 8,596 SF

5245 W. State St. Montclair, CA 91763

Steve Shatafian represented the Seller in this Sale transaction.

LEASED | 11,700 SF

10580 Mulberry Ave. Fontana, CA 92337

Simon Chen and Michael Lee represented the Lessee: The Patriot Group of Companies, Inc and the Lessor: CGW2, Inc. in this Lease transaction.

LEASED | 7,500 SF

15072 Sierra Bonita Ln. Chino, CA 91710

John Espinosa represented the Lessor: Mason Family 1993 Trust in this Lease transaction.

CURRENT LISTINGS THIS IS A SAMPLING OF OUR LISTINGS, FOR A COMPLETE LIST PLEASE VISIT: WWW.LEE-ASSOCIATES.COM

TBDTBD


CURRENT LISTINGS THIS IS A SAMPLING OF OUR LISTINGS, FOR A COMPLETE LIST PLEASE VISIT: WWW.LEE-ASSOCIATES.COM

TBD

TBD

TBD

TBD

TBD

TBD


CORPORATE ID# 01125429

AgentsCOMMERCEAdam Vilan • Anita Artukovich • Armen Kazaryan • Craig Phillips • David Brandt • Doug Cline • Edward Lee • Evan Jurgenson • Hovik Mirzoyan • Jack Cline • Jake Poxon • Jeff Hubbard • Jeffrey Rinkov • Jim Halferty • Jim Kinetz • JP Gormly • Leo Vusich • Matt Artukovich • Michael Tsaparian • Mike Smith • Mollie Shea Dietsch • Peter Bacci • Ron Young • Tim Cronin • Tim Wetzel • Tom O’Loughlin • Tony Naples

INDUSTRYAdam Dzierzynski • Ben Fukukura • Chris Bonney • Jason Woods • Jeff Bethel • Jeff Huberman • John Espinosa • Justin Chiang • Kevin Ching • Marc DiGennaro • Michael Brent • Michael Lee • Patrick Bogan • Scott Kroman • Simon Chen • Spencer Casement • Stacy Martin • Steve Coulter • Steve Shatafian • Tai Ngo • Travis Allan

The information and details contained herein have been obtained from third-party sources believed to be reliable; however, lee & associates has not independently verified its accuracy. Lee & associates makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. Third-party data sources: Costar group, inc., S&P Dow Jones, Globest.Com, WSJ Real Estate, Bankrate.Com, Loopnet, Los Angeles Port Authority, Georgia Port Authority, American Associate of Port Authorities, Mihaylo Land Use Institute, Cal State Fullerton.

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For more information on Lee & Associates®, or to locate a commercial real estate expert to work for you, visit:www.lee-associates.com

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LEE & ASSOCIATES® - INDUSTRY

13181 Crossroads Pkwy North, Suite 300City of Industry, CA 91746

P: 562.699.7500 F: 562.695.3133

LEE & ASSOCIATES® - COMMERCE

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P: 323.720.8484 F: 323.720.8474

lee-associates · 85 % increase in transaction volume over 5 years. 57 + offices nationwide $$ 13 +...

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Transcript of lee-associates · 85 % increase in transaction volume over 5 years. 57 + offices nationwide $$ 13 +...