Recent lease comp: Santa Fe Springs
- Voit brokers Erik Sikes and Garrett McClelland closed a $1.135 million lease for a 21,632 sqft industrial building in Santa Fe Springs. - The transaction highlights ongoing competitive leasing at mid-size industrial footprints in the LA mid-counties. - Small, single-tenant deals like this provide the clearest near-term comps for underwriting effective rates in infill markets (x.com).
A 21,632-square-foot industrial building in Santa Fe Springs just leased for $1.135 million, giving landlords and tenants a fresh small-bay comp in the Mid-Counties. (loopnet.com) Voit said brokers Erik Sikes and Garrett McClelland handled the transaction. Sikes is listed as a senior associate in Voit’s Irvine office, and McClelland is a senior vice president and partner there. (voitco.com) (loopnet.com) The space appears to match 13904 Maryton Ave, a 21,632-square-foot industrial unit that had been marketed at $1.42 per square foot gross and was later marked no longer advertised. The listing shows two dock-high positions, 18-foot clear height, 1,000 amps of power and about 8,500 square feet of fenced yard. (loopnet.com) At $1.135 million for the full term, the deal works out to about $52.47 per square foot in total rent, or roughly $4.37 per square foot per year if spread evenly over 12 months. That is well above the asking quote on the Maryton listing, which suggests either a longer lease term, additional rent components, or both. (loopnet.com) Santa Fe Springs sits inside Los Angeles County’s Mid-Counties industrial belt, where vacancy reached 6.1% in the first quarter of 2026 after rising 60 basis points from the prior quarter, according to Colliers. Average asking rent in that submarket fell 1.5% quarter over quarter and 9.6% year over year. (colliers.com) Across Los Angeles industrial markets, CBRE reported 934,025 square feet of positive absorption in the first quarter of 2026, with vacancy at 5.4% and average asking rent at $1.21 net per square foot per month. That leaves small, infill buildings in places like Santa Fe Springs trading in a market that is softer than 2022 but still active. (cbre.com) Buildings around 20,000 square feet matter because they serve a wide pool of local distributors, fabricators and service firms that cannot easily absorb 100,000-square-foot boxes. Listings in Santa Fe Springs this week still show similar single-tenant spaces in the low-$1.30s to low-$1.40s per square foot per month, including 17,265 square feet at 8339 Allport Ave at $1.35 and 23,055 square feet at 10036 Freeman Ave at $1.28. (crexi.com) The Mid-Counties pipeline is also adding newer competition at larger sizes, including 150,548 square feet at GLP Mid-Counties Distribution Center on Carmenita Road and 53,130 square feet at 12500 Slauson Ave. Those projects give bigger tenants more options, while older small-bay product keeps filling a different slice of demand. (cbre-properties.com) (cbre.com) For owners underwriting Santa Fe Springs today, deals like this are the ones to watch: one tenant, one building, one rent check in an infill market with rising vacancy and still-limited functional space. (colliers.com)
