WareSpace Portfolio Reaches 25 U.S. Locations With LA Industrial Acquisition

Small-bay warehouse space operator WareSpace recently completed its second industrial real estate acquisition in the greater Los Angeles area. Located at 13711 Freeway Drive in Santa Fe Springs, Calif., the property incorporates more than 82,000 square feet of Los Angeles warehouse and distribution space in one of the most demand-rich industrial submarkets in the country.

This deal marked the company’s first entry into the highly supply-constrained Mid-Counties submarket and its 25^th location nationwide.

Built in 1965, the vintage industrial building is situated directly along Interstate 5 at the intersection of CA-91 and Interstate 605, offering direct access to Los Angeles, Orange County, and the San Gabriel Valley.

“Southern California is one of the most underserved regions for small businesses that need modern warehouse space,” said Joseph Ely, co-founder and COO of WareSpace. “There’s a lot of entrepreneurial activity across the area and a strong concentration of people and businesses. This is one of the most population-dense sites we’ve pursued so far, which is why it made sense to us.”

The new owner plans to transform the property into a flexible warehouse campus that serves more than 100 small businesses. The project includes modern warehouse units ranging from 250 to 2,000 square feet that are designed to accommodate logistics operators, trades businesses, residential service companies, e-commerce sellers, and other growing companies seeking small-bay space.

Located in one of Southern California’s most active commercial corridors, this investment reflects continued demand from small businesses for flexible, small-bay industrial space in supply-constrained markets such as Los Angeles, as well as increasing institutional confidence in the co-warehousing and micro-bay sector.

Robust demand in the Mid-Counties submarket is driven by logistics, advanced manufacturing, and health care, which are three of the fastest-growing users of small-bay properties.

“Small businesses fuel the local economy, yet they’ve been priced out of the areas they helped build,” said Levi Cohen, co-founder and CEO of WareSpace. “Every acquisition we make is about providing the right space and infrastructure for the entrepreneurs and mission-critical businesses who move these markets forward. When local businesses grow, the entire community wins.”

Year-to-date sales of Los Angeles industrial space had added up to nearly $830 million through April, according to data analyzed for our monthly national industrial real estate report — the seventh-largest sales total among top U.S. markets last month. As space for new development in Southern California is more limited than it was at the start of the decade, the supply boom in the region has somewhat subsided in recent years, and the ports of Los Angeles and Long Beach still the busiest in the country, long-term demand remains strong in the region.