An industrial asset located at 5705 West 98th Street in Los Angeles has been sold for $211,000,000. The property spans 143,060 square feet and is occupied by Amazon. This transaction represents the largest industrial sale in Los Angeles for the year 2025, highlighting the increasing demand for modern logistics assets in the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $211,000,000
• Square Footage: 143,060
• Sale Price per Square Foot: $1,475
• Buyer: Lauren Hochfelder - Morgan Stanley Real Estate Investing
• Seller: Timur Tecimer - Overton Moore Properties
• Market: Los Angeles

The transaction was facilitated by Lauren Hochfelder representing Morgan Stanley Real Estate Investing as the buyer and Timur Tecimer representing Overton Moore Properties as the seller. This deal underscores the institutional demand for logistics properties in the supply-constrained airport corridor, which has experienced historic lows in vacancy rates, attracting investors seeking stabilized and build-to-suit facilities.