11716 Burke Street, Santa Fe Springs, CA 90670

The Santa Fe Springs industrial outdoor storage market has reset, but the fundamentals that matter have not changed.

At the peak in 2022, improved truck and trailer yards were trading and leasing at levels approaching $1.20 NNN per square foot, driven by extreme port congestion, lack of available land, and outsized demand from logistics users. That environment has normalized. Today, market rents for comparable improved yard space are settling in the $0.65 to $0.70 NNN range, with $0.70 NNN representing a realistic and executable level for quality sites.

What has not changed is the structural constraint. There is still a finite amount of legally conforming trailer storage land, and entitlement risk remains high. As a result, functional, fully improved yards continue to command a premium relative to other industrial asset types, even in a corrected market.

The subject property is currently leased at approximately $0.60 NNN per square foot, creating a clear gap to market. This is not a speculative push, it is a measurable mark to market opportunity on a stabilized asset that was completed recently and is fully functional today.