SoldBroker Activity · Entry № 75

Why I Think LA Warehouses Will Be Worth Much More in 10 Years

America is rebuilding its manufacturing base, Los Angeles isn't making more industrial land, and owner-users continue to pay a premium for it. This North Hollywood warehouse sale shows why I believe industrial remains one of the best long-term investments in Southern California.

PublishedJuly 6, 2026
StatusSold, Just Closed
DatelineThe Tape · North Hollywood, Los Angeles
11640 Hart St hero photo
FIG. 01, 11640 HART ST, NORTH HOLLYWOOD, CA 91605. LISTING PHOTO VIA COLLIERS.
Four takeawaysFour things an operator sees at 11640 Hart St.
  1. Industrial land is finite.  Zoning changes reduced the amount of usable industrial land over time.  There is a shortage of land to build warehouses. 
  2. New supply is difficult. Just like MF, construction costs make replacement expensive and slow.
  3. Owner-users create a pricing floor.  Businesses buy for operational control, not just investment yield.  It makes it hard for an investor to buy and lease these out.  
  4. Industrial Is the Backbone of the Economy.  Los Angeles remains the logistics gateway to the Pacific.
Deal Stats · 11640 Hart St
Sale Price
$7.825M
confirmed
List Price
$7.848M
initial ask
Bid-Ask Delta
-$23K
seller conceded
Price / SF
$225.75/SF
34,663 gross SF
Price / Land SF
$124.75/SF
62,726 lot SF
Year Built
1947
steel frame, 1-story
Lot Size
1.44 acres
62,726 SF
Zoning
M2-1VL
heavy industrial
ULA Tax Est.
$313K
above ULA threshold
Hold Period
54 months
Bohlinger Diversified LP
Sale Type
Owner-User
not an investment sale
Parking
60 stalls
surface

What an Operator Sees

Industrial real estate has one advantage that few other asset classes can match:

It serves the real economy.

Every package delivered, every contractor dispatched, every product assembled, every cabinet built, every movie set fabricated, every HVAC company, plumbing supplier, and electrical distributor needs buildings like this.  Construction costs continue to rise. Yet businesses will always need places to manufacture, distribute, store inventory, and service customers.

As long as Los Angeles continues to grow and businesses continue to operate, demand for functional industrial space isn't going away.  Los Angeles isn't making more industrial land. Manufacturing is returning to the U.S. Supply chains continue to evolve. Every business still needs a place to build, repair, store, assemble, distribute, or service products.

I track every commercial real estate sale in Los Angeles so you don't have to.

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Offering Memorandums: David@AtlasBrief.LA

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Brokers
Listing Broker
Greg C. Geraci
Colliers
Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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