DTLA Turnkey Industrial or Redevelopment

CBRE is proud to exclusively represent the opportunity to acquire a prime industrial facility in the heart of Downtown Los Angeles, California, at 540-564 S Crocker Street, offering both exceptional flexibility and an unbeatable location. This offering includes two vacant, contiguous buildings perfectly suited for owners/users in the warehousing, manufacturing, and logistics industries. With significant potential for future redevelopment, the property is zoned M2 and benefits from eligibility for commercial use under the DTLA 2040 Community Plan. Additionally, situated within a qualified Opportunity Zone, it offers the potential for substantial capital gains tax incentives for redevelopment projects.

540-564 S Crocker Street’s highly versatile space makes it an excellent choice for a wide variety of businesses looking to enter this vibrant trade area. Spanning a total of 19,195 square feet, the property comprises Building A (11,000 square feet) and Building B (8,195 square feet), which can be combined with the removal of an existing party wall. Building A boasts a clear height of up to 16 feet and six dock doors while Building B offers a clear height of up to 20 feet and two dock doors. Both buildings feature a grade-level drive-in door, dedicated office space, and a 3-phase power supply. Unique, high bow truss wood beach ceilings and a large parking lot with an automatic, fenced gate add to the property’s appeal and functionality.

Positioned at the gateway between the Arts District, Little Tokyo, and Koreatown, 540-564 S Crocker Street is ideally located near many of Downtown LA’s most vibrant neighborhoods. The area has emerged as a hotspot for new residential projects, with almost 1,000 new units planned or currently under construction. A strong concentration of nearby industrial operations also reinforces this as the perfect new home for warehouse or manufacturing businesses. The neighboring Seafood District also provides significant potential for conversion to cold storage uses.

540-564 S Crocker Street’s easily accessible location simplifies logistics and commute times. The property is easily reached by the area’s freeway network, including the 10, the 101, and the 110. Public transportation options are also readily available, with stations for the Gold, Purple, and A metro lines sitting within walking distance. The surrounding area provides business owners with a dependable workforce pipeline when looking within three miles of the subject property. The population of more than 442,000 provides daytime employment of more than 339,000 to the area. With more than 25% of these workers employed in trade, transportation, utility, or manufacturing industries, there is never a shortage of motivated and qualified new employees for local industrial businesses.

With its well-connected location, flexible space, and future development potential, 540-564 S Crocker Street represents an excellent opportunity for owners/users or investors looking to capitalize on one of Downtown LA’s most sought-after industrial markets.