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CBRE Facilitates Sale of Rare Industrial Site in Playa Vista
CBRE has successfully arranged the sale of a 1.35-acre light industrial site located at 5545 Grosvenor Boulevard in Playa Vista, California. The buyer, BLT Enterprises, acquired the property from a private seller represented by CBRE’s Michael Longo, Melissa Moock, and Mark Shaffer.
The site is currently improved with a 13,184-square-foot industrial building and is fully leased to Frontier Communications, which utilizes the space for industrial outdoor storage. Under its M2-1 light industrial zoning, the property allows for assembly, storage, and small-scale manufacturing and is currently developed to less than half of the maximum allowable density, offering significant potential for future expansion.
“This transaction underscores the rarity and enduring value of M2-1 zoned land in West Los Angeles,” said Melissa Moock of CBRE. “It marks a generational opportunity for the buyer, and we are confident this location will position them for long-term success.”
According to CBRE research, the West Los Angeles industrial market is extremely limited, with only 3.3 million square feet of M1 or M2-zoned land — representing just 0.25% of the total commercially zoned property within the region. This scarcity further enhances the strategic value of the Playa Vista site.
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