Boy Scout California Store Van Nuys

Matt Ehrlich of NAI Capital represented LAU Enterprises in the transaction. According to Ehrlich, warehouse space throughout the region is in short supply and experiencing strong demand.

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Scott Martin and James Houghton with NAI Capital represented the buyer, 723 EHD LLC, in the sale.

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Senior Vice President Todd Lorber of the Encino headquarters spoke on a panel at RealShare Los Angeles offering his expert insight on Los Angeles’ industrial market.

Industrial Real Estate: Who is Driving?
Institutional players are dominating the Los Angeles industrial market. Coupled with the incredibly tight supply and high demand—vacancy rates are as low as 1% in some markets—rates are soaring and opportunities are limited.

“Warehouse space throughout the region is in short supply and experiencing strong demand, ” Matt Ehrlich said. “We’re extremely pleased to have found this space.”

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“You are seeing all of these supermarket sites that come on the market, and the buyer saw an opportunity to split this project into smaller pieces and get it fully leased. I think that is really the game plan, ” JC Casillas, VP at NAI Capital with knowledge of the deal, tells GlobeSt.com.

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Tuesday, March 22, 2016– NAI Capital is pleased to announce that Senior Associate Matt Ehrlich has recently completed a 32, 356 square foot lease at 8321 DeCelis Place in the city of North Hills, Calif. Ehrlich represented the tenant Lau Enterprises, Inc.

8321 DeCelis Place is a warehouse facility built in 1963 with 20 foot clear height, 4 dock-high loading doors and 2 grade-level doors. These property features make it the ideal use for Lau Enterprises, Inc who distributes wholesale picture frames‎. Lau Enterprises will use this facility as its warehouse and corporate headquarters.

Lau Enterprises, Inc. was previously in Mission Industrial park in Van Nuys. The market for warehouse distribution space is tight in the Central San Fernando Valley. The vacancy rate for warehouse facilities in the Central San Fernando Valley is a razor thin 0.8% – virtually no vacant space on the market.

“Warehouse space throughout the region is in short supply and experiencing strong demand. This space offered my client good usable space, which met their needs. We’re extremely pleased to have found this space to occupy, ” Ehrlich said.