Marcus & Millichap is pleased to present the leasing opportunity at 1370 Esperanza St in Los Angeles, California. This property spans approximately 45,495 square feet, comprising three units with a bonus 17,238 square feet of basement space. The facility features a 16’-20’ foot clearance height, four dock-high loading positions, and a fully paved and gated yard, offering flexibility for various industrial needs.
As of Q1 2025, the Vernon submarket remains one of Los Angeles’ most significant industrial hubs, with 84.7 million square feet of industrial space. While the vacancy rate has adjusted to 8.8% following shifts in market demand, the submarket continues to attract a diverse range of industrial users. Tenants have increased options across various size ranges, allowing businesses to secure space that meets their operational needs. While market rents have undergone adjustments, long-term demand drivers remain strong, and industrial properties in key locations continue to present strategic leasing opportunities.