Press Releases

DAUM Commercial Real Estate Services, a leading provider of CRE services including brokerage, national tenant representation, consulting, leasing, sales and property management, announces the sale of an approximately 2-acre industrial land site in the Los Angeles County city of Compton, California.

The buyer will pursue a conditional use permit (CUP) to convert the 87,421-square-foot site, which was previously used for heavy industrial purposes, to an industrial outdoor storage (IOS) property, according to Brad Levin, Executive Vice President and Principal at DAUM Commercial, who represented the seller in the transaction.

“Land sales in Compton face unique hurdles based on the city’s restrictions on outside storage at vacant property, narrowing the buyer pool considerably,” explains Levin. “We were able to overcome this by identifying a buyer with a clear plan for working through the CUP process, which made our Client’s goal of a timely sale possible in a market where land transactions due to entitlements or permitting procedures are longer and harder to close.”

The transaction comes amid improving activity across the broader Los Angeles Industrial market. According to a recent DAUM market report, net absorption in the West/South Los Angeles region turned positive in the second quarter, while gross absorption increased 21.6%. Industrial sales volume in the first half of 2026 sales was more than double that of the same period in 2025.

“Despite the challenges presented by the local regulatory environment, the location’s strong connectivity to the Los Angeles and Long Beach Ports, LAX, and throughout Southern California continues to drive strong investor and user demand and sets up the property for long-term success with the right plan in place,” adds Levin.

The property is located at 529 & 533 Carlin St. and 520 & 526 El Segundo Blvd., Compton, California. The total consideration of the sale was just under $2.5 million.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

The buyer, WareSpace, plans to reposition the asset into a state-of-the-art micro-bay industrial facility that will serve more than 120 businesses

DAUM Commercial Real Estate Services, a leading provider of CRE services including brokerage, national tenant representation, consulting, leasing, sales, and property management, announces the $23 million sale of a 90,500 square-foot industrial distribution facility in the Los Angeles County city of Carson, California.

Vice Chairman Michael Collins and Associate Vice President Dustin Hullinger of DAUM’s Capital Markets Group, in collaboration with Associate Vice President Jack Stone of the firm’s South Bay office, exclusively represented the seller, JTL Corporation. The property served as the company’s corporate headquarters, where JTL operated its highly successful import/export business, Hyman Inc., for several decades.

“This property represented an incredible legacy asset that had become a significant value-creation opportunity for the seller,” says Collins. “We developed a strategy to maximize value, identify the right buyer, and position JTL for its next chapter. This transaction allows our client to unlock significant value from a premier industrial asset while eventually redeploying the proceeds into a diversified portfolio of investment properties.”

Located within Los Angeles’ South Bay, the modern industrial facility offers strategic access to the Ports of Los Angeles and Long Beach, Los Angeles International Airport (LAX), Downtown Los Angeles, and Southern California’s extensive freeway network including State Route 91, Interstate 110, and Interstate 405, making it well positioned within one of the nation’s critical logistics corridors. Based on these strong fundamentals, while other regions have softened, the L.A. West / South market saw tightening vacancies, increased absorption, and strong deal activity in the second quarter, according to a recent DAUM market report.

“It’s increasingly rare to see industrial facilities of this size and functionality become available in the South Bay,” explains Hullinger. “The property’s modern functionality, strategic location within a premier business park, and repositioning potential made it an exceptionally compelling opportunity. We were able to identify and bring in a buyer with a long-term vision, maximizing value for our client while positioning the property for its next evolution.”

The buyer is WareSpace, a developer, owner, and operator of smaller warehouse spaces, backed by New York-based private equity firm Jadian Capital. The venture plans to reposition the asset into a state-of-the-art micro-bay industrial facility designed to meet growing demand from small warehouse and industrial users. Upon completion, the property is expected to support more than 120 small businesses across the Greater Los Angeles area by providing flexible, right-sized industrial space for entrepreneurs and growing companies.

“We’re excited to help introduce WareSpace’s operating model to the South Bay,” says Stone. “The company’s approach to transforming this property into a modern micro-bay industrial campus is well aligned with growing demand from L.A.’s entrepreneurs and small businesses seeking high-quality, flexible industrial space in this key submarket.”

Collins adds: “This transaction serves as an excellent example of what can be accomplished when all parties remain collaborative and focused on solutions. James Hyman, Chairman of JTL Corporation, together with WareSpace’s Levi Cohen, Co-Founder and CEO, and T.J. Cameron, Vice President of Acquisitions, worked together in good faith throughout the process, allowing us to navigate the complexities of the transaction and deliver a successful closing.”

The distribution facility, located at 860 Sandhill Ave in Carson, California, currently features 24- to 26-foot warehouse clear heights, nine dock-high loading positions, and approximately 7,000 square feet of office space.

DAUM’s Capital Markets Group specializes in investment sales, portfolio dispositions, recapitalizations, and advisory services for industrial, office, retail, multifamily, and land assets throughout Southern California and beyond. For more information, contact (714) 345-1014.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.