WareSpaceCo buys Santa Fe Springs warehouse

WareSpace said on May 13 that it acquired an 82,193-square-foot industrial property at 13711 Freeway Drive in Santa Fe Springs for $15.8 million. The company said the purchase is its second deal in the greater Los Angeles area and its first in the Mid-Counties industrial submarket. The Maryland-based operator said the site becomes its 25th location nationwide. WareSpace said it will convert the property into a flexible co-warehousing campus for more than 100 small businesses. (prnewswire.com) The building sits in one of Los Angeles County's core warehouse corridors, near Interstate 5, State Route 91 and Interstate 605, according to WareSpace and property records. (prnewswire.com) The facility was built in the mid-1960s and totals about 82,000 square feet on roughly 4.8 acres, according to WareSpace, LoopNet and county assessor-linked records. The company said the building had been vacant after a prior institutional owner targeted the site for redevelopment. ### Which property did WareSpace buy in Santa Fe Springs? 13711 Freeway Drive is a one-story industrial building in Santa Fe Springs with direct freeway visibility and access, according to WareSpace and LoopNet. WareSpace described it as a 1965-vintage property; LoopNet lists the building at 82,092 square feet and about 4.82 acres. The site is in the Santa Fe Springs/La Mirada industrial area, one of the region's longstanding distribution clusters. (prnewswire.com) Property records indexed by PropertyShark show the address last traded on March 21, 2022, for $34 million. Connect CRE reported at the time that Rexford Industrial bought the site and planned a 108,000-square-foot Class A warehouse development there. A CEQA filing for the Rexford 13711 Freeway Development also described plans to demolish the existing roughly 82,000-square-foot facility and replace it with a larger warehouse. (prnewswire.com) ### How does this fit into WareSpace's Los Angeles push? WareSpace said the Santa Fe Springs purchase follows its first Southern California acquisition in Orange County in December 2025. The company also said it entered the Seattle market in April 2026, part of a broader expansion across logistics-heavy U.S. markets. On its website, WareSpace says it offers small warehouse units with short-term leases and shared amenities such as loading docks, equipment, Wi-Fi and on-site support. (prnewswire.com) Joseph Ely, WareSpace's co-founder and chief operating officer, said in the company's announcement that Southern California is "one of the most underserved regions" for small businesses that need modern warehouse space. Levi Cohen, WareSpace's co-founder and chief executive, said the company is targeting entrepreneurs and service businesses that have been priced out of larger industrial markets. (propertyshark.com) Those characterizations come from the company and were not independently verified. ### What does WareSpace plan to do with the building? WareSpace said it will reposition the property into warehouse units ranging from 250 to 2,000 square feet. The company said the campus is being designed for logistics operators, trades businesses, residential service companies, e-commerce sellers and other smaller users that do not need a full building. WareSpace said the project is intended to serve more than 100 businesses. (prnewswire.com) The company's standard model is visible on its website, where it markets units from 200 to 2,000-plus square feet with six- to 12-month terms and shared common infrastructure. The website says pricing is all-inclusive and includes utilities, racking, security, loading access and common areas. ### Why was this site available? The Santa Fe Springs property had sat vacant after redevelopment plans tied to a prior owner did not move forward, according to WareSpace and follow-on reports in Los Angeles real estate trade outlets. (prnewswire.com) Business Journal and Connect CRE reports from earlier periods tied the site to Rexford redevelopment plans, while the CEQA file shows a formal proposal to replace the existing building. WareSpace is instead keeping and reconfiguring the existing structure for smaller tenants. The Real Deal reported on May 13 that the acquisition gives WareSpace an entry into the Mid-Counties market after its Orange County buy late last year. (prnewswire.com) That report also said the Santa Fe Springs deal extends WareSpace's national footprint to 25 locations. ### What comes next at 13711 Freeway Drive? WareSpace said the next step is a conversion of the existing building into small-bay units rather than a ground-up redevelopment. (warespace.com) The company has not publicly given an opening date in the materials reviewed, but its website lists some markets as "coming soon" while directing prospective tenants to book tours. In its May 13 announcement, WareSpace said it expects additional transactions in 2026 as it expands the platform. (prnewswire.com) (therealdeal.com) (bizjournals.com)