LBA Realty Acquires Los Angeles Warehouse On Long Beach Avenue For $57.8M

The Los Angeles Food Center, a warehouse located at 2652 Long Beach Avenue in Los Angeles, has been sold in a closed transaction. The property, situated in the city of Vernon, is a warehouse asset covering an area of 10.6 acres. It is strategically located adjacent to the Alameda Corridor, a 20-mile freight rail cargo expressway that connects downtown Los Angeles to the ports of Los Angeles and Long Beach. The warehouse, originally built in 1965, has recently undergone renovations and now features 65 dock-high loading positions for trucks. Additionally, the property includes a 169-space parking structure.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $57,800,000

The sale was facilitated by CBRE Group Inc.’s brokers, Jack Fraker, Darla Longo, and Barbara Emmons Perrier, who represented the seller, Dedeaux Properties & Barings Real Estate. The buyer in this transaction was LBA Realty, represented by David Thomas. This closed deal showcases the involvement of key individuals and companies in the real estate market, highlighting their role in successful property transactions.