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1800 East Martin Luther Kin...

Tony Antoci & Josephine Antoci Acquire Industrial Facility In Los Angeles For $51 Million
SOLDIndustrial

Tony Antoci & Josephine Antoci Acquire Industrial Facility In Los Angeles For $51 Million

1800 East Martin Luther King Junior Boulevard

$51,000,000

$460/SF

Building Size

110,789 SF

Asset Type

Industrial

Closing

Jan 21, 2026

AI

The property involved in the transaction is an industrial distribution and operations facility located at 1800 East Martin Luther King Jr. Boulevard in Central Los Angeles. It spans 110,789 square feet and was sold for $51,000,000, reflecting a price per square foot of $460. This sale represents one of the highest industrial prices in Central Los Angeles for the fourth quarter of 2025.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $51,000,000
  • Square Footage: 110,789 SF
  • Price Per Square Foot: $460
  • Buyer: Tony Antoci & Josephine Antoci
  • Buyer Company: Erewhon Natural Foods
  • Seller: Ritz Pocola
  • Market: Los Angeles

The key individuals involved in this deal include Tony Antoci and Josephine Antoci, who are representatives of Erewhon Natural Foods. They acquired the facility from Ritz Pocola, indicating a strategic move driven by Erewhon’s demand for specialized, food-grade space amidst strengthening owner-user activity in the Los Angeles industrial market.

Players

Tony Antoci

Erewhon

Buyer

$113M

vol

6 deals

Buyer

Vernon Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93