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6920 East Slauson Avenue
LEASED

Commerce Energy Storage, LLC Signs Long-Term Ground Lease For Industrial Building In Commerce, California

6920 East Slauson Avenue

Industrial
50,073 SF
clock iconLeased 1 year ago
Sage Segal
Trevor Gale
Mark Vanis
+ 2
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Summary

Lease
CALIFORNIA
Industrial
50,073 sqft

Commerce Energy Storage, LLC has signed a long-term ground lease for a 50,073-square-foot industrial building located at 6920 East Slauson Avenue in Commerce, California. In addition, they have also acquired an adjacent 2.23-acre site at 6904 East Slauson Avenue. The company plans to develop warehouses on both sites to accommodate battery storage vaults. The transactions were facilitated by JLL, with Jon Reno, Mark Vanis, Trevor Gale, and Sage Segal serving as the brokers.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 6920 East Slauson Avenue & 6904 East Slauson Avenue
  • Market: Commerce
  • Square Footage: 50,073 SF

JLL represented all parties involved in the transactions. Despite softened demand, industrial space in the Los Angeles area continues to see strong demand, with vacancy remaining at two percent. This indicates that tenants are actively seeking valuable properties in the region.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Sage Segal's profile picture
Sage Segal
JLL-image
Senior Associate
$29.3M Sold
Trevor Gale's profile picture
Trevor Gale
JLL-image
Managing Director
$119.3M Sold
Mark Vanis's profile picture
Mark Vanis
JLL-image
Managing Director
$119.3M Sold
Jon Reno's profile picture
Jon Reno
JLL-image
Managing Director
$119.3M Sold
JLL's profile picture
JLL
JLL

Details

Deal Summary
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LEASED
IMAGE: Sage Segal, Mark Vanis, Jon Reno & Trevor Gale DATE: 05/02/2023 ADDRESS: 6920 East Slauson Avenue & 6904 East Slauson Avenue MARKET: Commerce ASSET TYPE: Industrial ~ SF: 50,073 TENANT: Commerce Energy Storage, LLC BROKERS: Jon Reno, Mark Vanis, Trevor Gale & Sage Segal - JLL LEASE TERMS: long-term NOTE: Commerce Energy Storage, LLC has signed a long-term ground lease for a 50,073-square-foot building on 4.78 acres at 6920 East Slauson Avenue in Commerce, California, and acquired an adjacent 2.23-acre site at 6904 East Slauson Avenue, with plans to develop warehouses on both sites to house battery storage vaults. JLL, which represented all parties in the transactions, noted strong demand for industrial space in the Los Angeles area, with vacancy remaining at two percent despite softened demand as tenants seek value properties.

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Address6920 East Slauson Avenue

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