Industrial Appraisal in Downtown Los Angeles

We were recently asked to provide a commercial property value for a multi-tenant industrial building located in Downtown Los Angeles. The Downtown Los Angeles Market is extremely diverse and the entire landscape can change within a block so it is imperative that you use a commercial appraiser that knows the specifics of the Downtown Los Angeles Market. The subject property is located along Crocker Street in the Produce/Wholesale District. The building was constructed in the 1920s and totals 20,130 square feet. The property has three grade-level loading doors as well as grade-level loading in the back alley. Clear heights are approximately 14′ and office finish is 10%. The property is 100% occupied. This commercial real estate appraisal was performed by one of our Los Angeles Appraiser specialists, Matthew Reynolds. This commercial appraisal was conducted for a national financial institution.