With strong demand for industrial product in the San Gabriel Valley, industrial users and investors continue to show interest in the region as new properties are placed up for sale. One property to recently be placed on the market is the Ramona Exchange. According to marketing information from JLL, the 139,827 square foot industrial campus includes 10 buildings on more than 11 acres in Baldwin Park.
The property is located at multiple addresses including 12901, 12921, 12941, 12961, 12981, 13001, 13101, 13105, 13139 and 13177 Ramona Blvd. and last traded in 2018 when it was acquired by BKM Capital, public records show. The industrial campus was built between 1987 and 1988 and offers various amenities, including 462 parking spaces.
According to JLL, the Ramona Exchange is home to 57 tenants making for an approximately 98 percent occupancy. Some of the tenants include First Global Graphics, Metrology Labs Inc., Premiere Career College and numerous others.
The property is situated just a half mile from Interstate 605 and south of Interstate 10. Situated north of Los Angeles, the area is also home to a large population of more than 25 million residents in Southern California, with approximately 44 million working age residents in the Los Angeles metropolitan area.
Los Angeles is one of the largest industrial markets in the nation with more than 778 million square feet of industrial space- 4.5 million square feet of which was delivered in 2022, according to JLL. Despite the influx of inventory, vacancy remains low at just 1.4 percent. With high demand for space in the market, rental rates have increased as well, growing 42 percent year-over-year.