About Strategy Acquisition Criteria Portfolio Management Connect
Infill Industrial Real Estate · Southern California

Industrial Focused.
Value Driven.

Founded by Howard Schwimmer, founder and former co-CEO of Rexford Industrial Realty (NYSE: REXR) — the preeminent infill industrial platform in Southern California.

43+
Years Experience
55M+
SF Acquired
SoCal
Infill Focus
100%
Industrial
Founder & Principal

Built on a
Lifetime of Expertise

Howard Schwimmer

Howard Schwimmer established S5 Industrial Realty following his tenure as founder and co-CEO of Rexford Industrial Realty (NYSE: REXR), where he built one of the premier infill industrial platforms in the country. With 43 years of Southern California industrial experience, Howard has acquired over 55 million square feet across core and value-add strategies — encompassing acquisitions, development of modern logistics facilities, and the repositioning of underperforming assets into highly functional, institutional-quality properties that drive income growth and long-term value.

43+
Years SoCal Industrial
55M+
Square Feet Acquired
NYSE
Former Rexford CEO

Investment Approach

How We
Create Value

Targeting infill industrial properties throughout Southern California—a market defined by structural supply constraints and deep tenant demand through economic cycles.

Infill Location Focus

Land-constrained, high-barrier submarkets where new supply is structurally limited—protecting occupancy and driving rental growth through cycles.

Active Asset Management

Hands-on leasing, capital improvements, and tenant relationships—driving NOI growth through operational discipline.

Stabilized Acquisitions

Targeting leased or vacant infill assets, single-tenant or multi-tenant, with building sizes above 25,000 SF and space sizes above 10,000 SF.

Value-Add Repositioning

Repositioning underperforming assets by improving truck loading, upgrading fire and life safety systems, and modernizing building and office components — including conversion of single-tenant buildings into higher-yielding multi-tenant configurations.

Partnership Interests

Purchase of property partnership interests where S5 Industrial Realty can manage and operate the asset — deploying value-add improvements to drive income growth and long-term value.

Target Submarkets
LA Basin San Gabriel Valley South Bay Ventura County IE West Orange County Central San Diego

Acquisition Criteria

What We Buy

We target well-located infill industrial assets throughout Southern California across three core investment profiles.

Stabilized

Modern Industrial Assets

Modern stabilized industrial assets 25,000 SF and larger.

Multi-Tenant

Multi-Tenant Industrial

Industrial multi-tenant projects with space sizes ranging from 10,000 SF to 50,000 SF.

Value-Add

Value-Add Opportunities

Value-add single or multi-tenant opportunities to cure functional obsolescence or demise to smaller spaces with higher rent producing capability.


Owned Assets

Portfolio

S5 Industrial Realty's portfolio of owned industrial assets across infill Southern California.

Value-Add
City of Commerce

Camfield Commerce Center

2000 Camfield Ave, Commerce, CA

Repositioned 80,000 SF manufacturing building into 15 dock-high and grade-level units; constructed a new 21,000 SF 6-unit building.

98,450
Sq Ft
21
Units
Demised
Strategy
Value-Add · El Monte

Telstar Commerce Center

9674 Telstar Ave, El Monte, CA

Converted single-tenant building to 11 dock-high and grade-level units.

51,460
Sq Ft
11
Units
Demised
Strategy
Stabilized Acquisition
Baldwin Park

14020 Live Oak

14020 Live Oak Ave, Baldwin Park, CA

Short-term below-market lease; 24' clear building refurbished and re-leased at higher market rent.

30,070
Sq Ft
Single
Tenant
Rent Upside
Strategy
Stabilized Acquisition
South El Monte

940 N Durfee Ave

940 N Durfee Ave, South El Monte, CA

Two-unit dock-high and grade-level loading building.

20,000
Sq Ft
2
Tenants
Demised
Strategy
Value-Add
Duarte

Highland Industrial Center

1800 Highland Ave, Duarte, CA

Selective property upgrades to unlock increased rental value. 10 dock-high units ranging from 7,000 SF to 20,000 SF.

128,230
Sq Ft
10
Units
Rent Upside
Strategy
Value-Add
City of Commerce

Eastern Commerce Center

6140 S Eastern Ave, City of Commerce, CA

Demised an older manufacturing building to deliver rare smaller dock-high spaces. 9 units ranging from 2,760 to 5,740 SF.

43,585
Sq Ft
9
Units
Demised
Strategy
Stabilized
Lawndale

Manhattan Business Center

15705–15711 Condon Ave, Lawndale, CA

4-building multi-tenant business park with 21 units.

35,585
Sq Ft
21
Units
Rent Upside
Strategy
Value-Add
Paramount

Garfield Jackson

16312 Garfield Ave, Paramount, CA

Former manufacturing building demised to 8 small-bay industrial units.

25,050
Sq Ft
8
Units
Demised
Strategy
Value-Add
Ventura

Freeway Industrial Center

6250 & 6255 Inez St, Ventura, CA

Two buildings modernized exterior and interior, demised to smaller dock-high and grade-level units of 2,000 to 8,000 SF.

46,000
Sq Ft
2
Buildings
Demised
Strategy
Value-Add
Los Angeles

Glendale Freeway Business Center

3235 San Fernando Rd, Los Angeles, CA

Repositioned manufacturing buildings to 60,000 SF multi-tenant business park. 15 spaces from 1,000 to 11,000 SF.

60,000
Sq Ft
15
Spaces
Repositioned
Strategy
Stabilized Acquisition
Vernon

3301 Leonis Blvd

3301 Leonis Blvd, Vernon, CA

Single-tenant dock-high building.

42,350
Sq Ft
Single
Tenant
Stabilized
Strategy
Value-Add
Culver City

Eastham Culver

8445 Warner Ave, Culver City, CA

Demised former manufacturing building into 10 creative office spaces of 1,500 to 4,000 SF.

30,000
Sq Ft
10
Spaces
Demised
Strategy
Value-Add
Duarte

SC Investments – Duarte

1750 Evergreen St, Duarte, CA

Converted single-tenant building to 14-unit dock-high and grade-level multi-tenant complex. 3,200 to 7,500 SF spaces.

71,220
Sq Ft
14
Units
Demised
Strategy
Value-Add
Hawthorne

Yukon Industrial Center

13020 Yukon Ave, Hawthorne, CA

3 buildings renovated and upgraded to unlock rent upside. 14 dock-high and grade-level spaces from 3,000 to 40,000 SF.

122,500
Sq Ft
14
Spaces
Rent Upside
Strategy
Value-Add
Duarte

Duarte Lewis Business Center

1504–44 Highland Ave, Duarte, CA

3-building small-bay industrial complex with 32 units. Rent upside through below-market leases.

60,000
Sq Ft
32
Units
Rent Upside
Strategy
Stabilized Acquisition
Los Angeles

4351 E Valley Blvd

4351 E Valley Blvd, Los Angeles, CA

Long-term leased to an institutional tenant.

30,000
Sq Ft
Single
Tenant
Stabilized
Strategy
Value-Add
Santa Ana

Grand Commerce Center

200-220 S Grand Ave, Santa Ana, CA

Interior and exterior modernization to drive rents. 11 small-bay industrial spaces.

27,220
Sq Ft
11
Units
Rent Upside
Strategy
Value-Add
Los Angeles

Off Broadway Partners

146–148 W 132nd St, Los Angeles, CA

Dock-high and grade-level multi-tenant complex. 12 units ranging from 2,300 to 3,800 SF.

35,210
Sq Ft
12
Units
Development
Strategy
Value-Add
Pomona

Valley Business Center

4100–4120 Valley Blvd, Pomona, CA

2-building industrial complex with 8 spaces from 4,560 to 9,120 SF, all with fenced yards.

46,740
Sq Ft
8
Spaces
Rent Upside
Strategy
Rent Upside
Fontana

10721 Business Drive

10721 Business Dr, Fontana, CA

Single-tenant, 24’ clear, 4 dock-high spots, fenced yard. Functional and cosmetic upgrades to unlock rent upside.

38,180
Sq Ft
Single
Tenant
Rent Upside
Strategy
Stabilized
Burbank

610 N Hollywood Way

610 N Hollywood Way, Burbank, CA

3-story office building long-term NNN leased.

30,000
Sq Ft
3-Story
Building
NNN
Lease

In-House Team

Property
Management

S5 Industrial Realty manages all of its owned assets through a dedicated in-house property management team — ensuring responsive service, hands-on oversight, and alignment between ownership and operations.

For property management inquiries, please contact our team directly.

Contact Property Management
Contact
Judy Eschman
Director, Portfolio Management
Acquisition Submissions

Acquisition
Submissions

We are always interested in well-located SoCal infill industrial opportunities. Brokers, owners, and capital partners are welcome to reach out directly.

Response Time
Within 24 hours