915 Venice Blvd, Los Angeles, CA, 90015

Highlights

• Micro-fulfillment center, industrial showroom, light-distribution, temperature-controlled storage
• $230,000,000 spent on groceries, apparel, pets, prescriptions, and other small goods within 1 mile!
• Located at the intersection of the 10 and 110 freeways, with quick access to 310,000 people within two miles
• $1,350,000 invested in capital improvements on the property
• Tax benefits of the DTLA Opportunity Zone
• Seller financing is available for qualified buyers and terms

Description

Perfect for last-mile distribution, including a micro-fulfillment center with on-grade loading; extensive exterior and interior security systems (mag locks, cameras, key-card access, alarm system, and robust exterior lighting); and 3,200 square feet of temperature-controlled, clear-span space adjacent to the loading door, with power distributed for smart rack systems designed to maximize efficiency, speed, and storage density. The property also includes an additional 3,000 square feet programmed for packing and dispatch, supplemental storage, office space, a vault, four ADA-compliant restrooms, a staff locker room, and a staff kitchen.
The building also functions as an exceptional industrial showroom, featuring stunning interior lighting, polished concrete floors, a secure lobby, and street-facing display wall and signage to support branding.

This property further provides an owner-user or value-add investor the ability to leverage its Opportunity Zone location to reduce or eliminate capital gains taxes (consult a CPA), improve cash flow through application of newly reinstated 100% bonus depreciation to qualifying components of the property, and reduce operating costs through its LEED Silver–certified design.

This is the best location for flex distribution, micro-fullfillment and industrial showroom.

The Property sits between the powerhouse neighborhoods of South Park in downtown, West Adams, USC/University Park, and Koreatown. The property benefits from some of the city's largest developments, including thousands of new apartment and hotel units and incredible demographic density. The Property has excellent connectivity as it is near the 10, 110, 101, and 5 freeways and within 1.5 miles of four Metro lines and several main boulevards.

This location is the definition of last-mile. Within one mile, there are over 75,000 people; within two miles, the population balloons to 310,000! There are over 30,000 households within one mile and over 120,000 within two miles. Daytime employees within two miles swell the population by an additional 235,000! Two mile spending on food and alcohol is over $900,000,000, on apparel is over $173,000,000, household equipment and furniture is $170,000,000, and prescription drugs is $35,000,000!

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