Voit Real Estate Services Directs the $3.4 Million Lease of a 108,466-SF Property in Rancho Dominguez, Los Angeles, CA

 

Ryan Huguenard

Los Angeles, CA – Voit Real Estate Services is proud to announce that Ryan Huguenard, Brian McLoughlin and Dave Fults out of the Los Angeles office successfully directed the $3,408,831 lease of a 108,466 SF site including a 23,735 SF industrial warehouse and excess land in Rancho Dominguez on behalf of the tenant, Lincoln Transportation Services.

The 23,735 SF building sits on 2.49 acres with a significant portion of land specifically for parking of storage containers and trucks. Lincoln Transportation will use this property to expand their rapidly growing footprint in the Los Angeles South Bay Market, according to Huguenard.  

“This is an incredibly unique site in the market due to its low coverage," commented Huguenard. "These low coverage sites are currently in extreme demand in the South Bay market.

 Brian McLoughlin

"The property is also less than 10 miles from the Ports of Los Angeles and Long Beach. Lincoln Transportation will specifically use this site for one of their largest accounts.

"Some of their larger accounts include Lowe’s, Burlington and Harbor Freight Tools.”

The property is located at 2934 E Las Hermanas in Rancho Dominguez.

About Voit Real Estate Services

Voit Real Estate Services is a privately held, broker owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients' needs. 

Throughout its 50-year history, the firm has completed in excess of $53.5 billion in brokerage transactions encompassing more than 51,500 brokerage deals. 

Dave Fults

Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios.

Further information is available at www.voitco.com.  

 CONTACTS:

Ryan Huguenard

Voit Real Estate Services
424-329-7507
rhuguenard@voitco.com

 

Jessamyn J. Wilkinson | Director of Marketing

Voit Real Estate Services

2020 Main Street, Suite 100 | Irvine, CA 92614

T (949) 263-5314 | C (949) 929-7147

jwilkinson@voitco.com | www.voitco.com

Voit Real Estate Services, Broker License # 01991785

Mynd Management Names the 20 Best Housing Markets for Sellers in 2021

 Don Ganguly

  OAKLAND, CA  — Mynd Management, a tech-enabled property management and real estate investment company serving the single-family rental (SFR) housing market,  announced the 20 best housing markets for sellers in 2021. 

For the study, Mynd Investor Services, a full-service platform and marketplace for real estate investors, analyzed year-over-year home price appreciation (HPA) trends from 2019 to 2020 in hundreds of metro areas nationwide.

            The three best housing markets for property owners seeking appreciation are Milwaukee, WI, Memphis, TN, and Detroit, MI. 

Milwaukee HPA skyrocketed 17.9%, while Memphis prices jumped 16.6% and Detroit metro area HPA increased 15.4% in 3Q 2020 year-over-year.

            “While 2020 was an incredibly challenging year for many industries, the real estate sector remained resilient,” says Don Ganguly, senior vice president of Mynd Investor Services. “Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.”

In 2020, the reversal of a decades’-long trend in the real estate investment market emerged: The leaders in home-price appreciation growth shifted to more suburban areas, away from the coasts.

“The significant increase in remote work spurred by COVID-19 has enabled many U.S. employees to live wherever they want, a trend that will likely continue this year,” Ganguly adds. “The Coronavirus has prompted families and businesses alike to leave high-priced cities like San Francisco, New York and Los Angeles. As a result, they’re acquiring properties in more affordable locations, such as the ones in our study.”

            The top 20 real estate markets for sellers in 2021 are:

METRO AREA	2020	2019	Home Price Growth
Milwaukee, WI	$171,000	$145,000	17.9%
Memphis, TN	$176,000	$151,000	16.6%
Detroit, MI	$187,000	$162,000	15.4%
Columbus, OH	$215,000	$189,000	13.8%
Phoenix, AZ	$310,000	$273,000	13.6%
Tacoma, WA	$395,000	$350,000	12.7%
Indianapolis, IN	$213,400	$189,375	12.7%
Kansas City, MO	$240,250	$213,750	12.4%
Miami, FL	$320,000	$285,000	12.3%
Seattle, WA	$605,000	$540,000	12.0%
Cleveland, OH	$145,500	$130,000	11.9%
Tampa, FL	$229,000	$205,000	11.7%
Palm Beach, FL	$285,000	$256,000	11.3%
Tucson, AZ	$239,000	$215,000	11.2%
Atlanta, GA	$249,900	$225,000	11.1%
Chicago, IL	$255,000	$231,000	10.4%
Cincinnati, OH	$182,000	$165,000	10.3%
New Orleans, LA	$236,950	$215,000	10.2%
Riverside, CA	$396,000	$360,000	10.0%
Washington, DC	$440,000	$400,000	10.0%

 

Sources: Mynd Investor Services, U.S. Census Bureau, Precisely, County Recorders’ & Assessors’ Offices

    

About Mynd Management

Mynd Management serves the small residential real estate sector with a combination of on-the-ground experts and innovative technology that empowers investing in any market in the U.S. 

(Courtesy Amazon.com)

Headquartered in Oakland, Calif., Mynd manages nearly 6,500 units in 19 regions and offers properties for sale in 20 metro areas. Mynd’s full-service platform and marketplace for real estate investors are powered by Mynd Investor Services.

Contact:

 Stacey Corso

stacey.corso@mynd.co

Phone: (415) 672-6460

www.mynd.co