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.
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