{"id":5527,"date":"2024-02-05T15:19:54","date_gmt":"2024-02-05T15:19:54","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=5527"},"modified":"2024-02-05T15:19:54","modified_gmt":"2024-02-05T15:19:54","slug":"ios-industrial-outdoor-storage-site-trades-for-redevelopment-into-self-storage-in-los-angeles-ca","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/ios-industrial-outdoor-storage-site-trades-for-redevelopment-into-self-storage-in-los-angeles-ca\/","title":{"rendered":"IOS (Industrial Outdoor Storage) Site Trades for Redevelopment into Self-Storage in Los Angeles, CA"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/www.connectcre.com\/wp-content\/uploads\/2024\/01\/CA-943-North-Marianna-Avenue-Los-Angeles.jpg\" width=\"555\" height=\"345\" \/><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Avison Young finalized the $2.68-million sale of a 1.41-acre industrial outdoor storage (IOS) property that will be redeveloped as an approximately 90,000-square-foot self-storage facility.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Located at 943 N. Marianna Ave. in Los Angeles, the site is just east of downtown Los Angeles and provides immediate access to the 10, 710, and 60 freeways.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Principal Patrick Barnes and senior associate Paul Clark represented the seller, a family trust. The buyer, Los Angeles-based Cypress Equity Investments, represented itself.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\">\u201c<span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Our team focused our marketing strategy and outreach to the self-storage industry as we knew would garner the strongest land value for our client,\u201d said Barnes. \u201cCypress\u2019 relevant construction experience was the key to this transaction as it is situated on a difficult site to develop.\u201d<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.connectcre.com\/stories\/ios-site-trades-for-redevelopment-into-self-storage\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avison Young finalized the $2.68-million sale of a 1.41-acre industrial outdoor storage (IOS) property that will be redeveloped as an approximately 90,000-square-foot self-storage facility. Located at 943 N. Marianna Ave. in Los Angeles, the site is just east of downtown Los Angeles and provides immediate access to the 10, 710, and 60 freeways. Principal Patrick Barnes and senior associate Paul Clark represented the seller, a family trust. The buyer, Los Angeles-based Cypress Equity Investments, represented itself. \u201cOur team focused our marketing strategy and outreach to the self-storage industry as we&hellip;<\/p>\n","protected":false},"author":13,"featured_media":5528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/5527"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=5527"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/5527\/revisions"}],"predecessor-version":[{"id":5529,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/5527\/revisions\/5529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/5528"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=5527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=5527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=5527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}