Acquisition Criteria
Economic Resources Corporation (“ERC”) benefits from over 50 years of experience in the development and acquisition of commercial properties. The organization has acquired and/or developed more than 1 million square feet of commercial buildings situated on over 50 acres of land throughout greater Los Angeles County. ERC seeks to acquire or develop properties that provide a tangible benefit to communities by creating or retaining jobs, providing needed services while achieving market rate returns. To this end, ERC is actively seeking to acquire value-add, and opportunistic industrial and other commercial assets in Los Angeles County and beyond. ERC also welcomes investment and capital partners to participate in its effort to redevelop.
For further information or inquiries regarding ERC’s current investment/capital plans or to submit a property for acquisition consideration, please contact Albert Carrol at 310-537-4610 ext. 233 or Albert.Carrol@economicresources.org
Our current acquisition criteria are shown below:
SMALLER INFILL PROPERTIES
- Standalone buildings
- 2,500 square feet up to 10,000 square feet
- Land for sufficient parking
- Vacant or short – term leases in place
- All underserved urban submarkets of Los Angeles County
- Small lots zoned to allow the construction of multifamily housing.
INDUSTRIAL/OFFICE/FLEX SPACE
- 10,000 square feet up to 100,000 square feet
- Approximately 10 to 40 years old
- All underserved urban submarkets of Los Angeles County
- Vacant or short term lease in place