The portfolio is in a prime, infill location in close proximity to Interstate 5 with easy access to irreplaceable transportation infrastructure of Southern California.
Investment Rationale
-
Four-building, 460,000 square foot portfolio that is 100% leased to a diverse roster of eight national and local tenants.
-
Located in Greater Los Angeles, the largest industrial market in the U.S. with roughly 1.6 billion square feet, and an overall market vacancy rate of less than 2%.
-
The portfolio fits well within JLL Income Property Trust’s strategy of acquiring high quality, well-located warehouse properties in select, target primary markets that present high barriers to entry.
-
LaSalle’s Research and Strategy team identified this as one of its industrial ‘Target Markets’ and projects near double-digit annual rent growth for the next three years on in place rents estimated to be already 10% below current market rents.
Property Gallery
Location
![Valencia Map2](https://jllipt.imgix.net/uploads/properties/valencia-industrial-portfolio/map/valencia_map3.jpg?auto=format%2C%20compress&ch=DPR&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&ixlib=php-3.3.1&w=400&s=69c1f0a5287c5b7aa559ddb2630e121e)