A three-property industrial portfolio totaling 89,438 square feet across 4.3 acres in Signal Hill has been brought to market for best offers. The Signal Hill Commerce Center, comprising buildings at 2698 Junipero, 2300 Walnut Ave.and 2700 Rose Ave., is currently 87 percent leased to 46 tenants with an aggregate in-place net operating income (NOI) of $1,308,187. The portfolio offers unit sizes ranging from 1,250 to 4,176 square feet, with an average weighted lease term of 1.54 years remaining. CBRE is marketing the listing on behalf of the seller, noting that the offering represents a valuable opportunity to acquire an immediate scale of product that is no longer being built due to record land and construction costs. The buildings feature modern concrete tilt-up construction with 24-foot clear heights and are available for purchase individually or in groups. Public property records show the current owner is a New York-based entity.
The largest building at 2698 Junipero spans 31,918 square feet on 1.64 acres with 44.7 percent coverage, housing 17 tenants and generating $436,527 in NOI. The 2300 Walnut property contains 29,920 square feet on 1.41 acres with 48.7 percent coverage, accommodating 11 tenants with $451,994 in NOI, while the 2700 Rose site includes two buildings totaling 27,600 square feet on 1.26 acres with 50.3 percent coverage, serving 18 tenants and producing $419,666 in NOI. Brokers underline that all tenants operate under net lease arrangements, with the portfolio maintained by institutional ownership standards.
Located in the port-adjacent South Bay market, the Signal Hill properties are in close proximity to multiple transportation corridors serving the Southern California region. According to the marketing brochure, the area provides access to established labor markets and consumer demographics, while the City of Signal Hill notably does not impose the Measure ULA tax that affects other Los Angeles County jurisdictions. In addition, the location offers connectivity to major freight networks and distribution channels throughout the metropolitan area.
Based on marketing materials, the properties are positioned to benefit from limited new construction of small-bay industrial space in the submarket. Brokers point out that current land and construction costs have effectively curtailed development of similar product types, potentially supporting occupancy and rental growth for existing assets. The portfolio’s diverse tenant base across 46 leases reportedly provides income stability while the remaining lease terms present opportunities for rental adjustments upon renewal. The listing indicates that pricing reflects a discount to replacement cost, though specific financial metrics were not disclosed. Brokers add that the portfolio could appeal to investors seeking immediate scale in established industrial markets without development risk.
CBRE’s Mark Shaffer and Grant Goldman are handling the listing.
In 2023, the Signal Hill properties at 2698 Junipero, 2300 Walnut and 2700 Rose were part of a much larger industrial portfolio sale spanning Los Angeles and Orange counties, as reported by The Registry. That deal involved 45 buildings totaling 851,131 square feet across multiple submarkets and traded for $263 million, or roughly $309 per square foot. At the time, the Signal Hill component comprised four properties totaling 237,184 square feet and was 98 percent leased to 119 tenants, underscoring investor appetite for small-bay industrial assets in high-barrier Southern California markets.
