"The commercial furniture business has changed dramatically inrecent years," Marshall Abrahams, commercial division president,tells GlobeSt.com. "We no longer need a big warehouse." Mostdeliveries are being shipped directly from key manufacturers tocustomers.

Jeff McClintock, the listing broker with Frederick Ross Co.,says the property will fetch $60 per sf to $65 per sf--about $8million to $8.6 million--although no asking price has been set forthe property that had been developed by Desks Inc. The facility hasa 66,000-sf warehouse and 14 loading docks. The showroom area is54,000 sf and offices total 12,000 sf.

"The facility is perfect for many different uses," McClintocktold GlobeSt.com. The property is positioned along S. Santa FeDrive, an artery used by more than 100,000 vehicles each day.McClintock says it could be readily converted into a telecom hotel,large retail showroom or distribution center. The facility is thelargest of its kind in the central submarket, McClintock says.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.