Amazon distribution center at LAX sells for record price

Core Insights - The sale of an Amazon distribution center near Los Angeles International Airport for $211 million marks a record price, reflecting the increasing value of logistics centers near transportation hubs [2][3] - The distribution center, covering 143,060 square feet, was built to serve Amazon and is located in a highly sought-after industrial corridor, with low vacancy rates and limited land availability around LAX [3][4] - Institutional investors, including Morgan Stanley, are actively acquiring modern logistics assets, driven by the rise of e-commerce and the need for well-located facilities [4][6] Real Estate Market Trends - Industrial sales volume in Los Angeles has increased by 4% year-over-year, with a total sales volume exceeding $5 billion and over 800 transactions year-to-date, surpassing the totals of the previous two years [7] - Lower interest rates have contributed to the rise in industrial sales, making capital costs more favorable for investors [7] - Morgan Stanley has been a significant player in the market, accounting for about one-third of the acquisition volume in Los Angeles this year [7]