Levi Cohen Of Warespace Acquires Industrial Facility From JTL Corporation In Carson For $23M

The transaction involved the sale of an industrial distribution facility located at 860 Sandhill Avenue in Carson, CA. The asset consists of 90,500 square feet and was sold for a total price of $23,000,000, equating to a price per square foot of $254.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Square Footage: 90,500
• Address: 860 Sandhill Avenue
• Market: Carson, CA
• Buyer: Levi Cohen - Warespace
• Seller: JTL Corporation
• Broker Representatives: Michael Collins, Dustin Hullinger & Jack Stone - Daum Commercial Real Estate Services

Warespace, represented by Levi Cohen, acquired the property from JTL Corporation. The transaction was brokered by Daum Commercial Real Estate Services, with Michael Collins, Dustin Hullinger, and Jack Stone acting as representatives in the deal. The buyer plans to redevelop the facility into a micro-bay industrial campus, accommodating over 120 small businesses to meet the rising demand for flexible warehouse space in Los Angeles' South Bay.