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Description

INDUSTRIAL PROPERTY SHOWCASE

40347 Legacy Ln Palmdale, CA 93551 — Price on Request

The Desert Logistics Jewel

40347 Legacy Lane | Palmdale, CA 93551
99,853 SF | Class A Distribution Facility | For Sale

Executive Summary

BUILDING COMPLETE — YOUR NEXT STRATEGIC MOVE.

Welcome to The Desert Logistics Jewel, a 99,853-square-foot, state-of-the-art industrial fortress in Palmdale’s Fairway Industrial Business Park. With 15 dock-high doors, 32’ clear heights, and two grade-level doors, this Class A property is designed for speed, efficiency, and future-proof operations.

Palmdale has emerged as one of Southern California’s most business-forward cities — crowned “Most Business Friendly” by LAEDC in both 2015 and 2021. Here, your enterprise taps into a ready, skilled workforce, affordable housing for employees, and direct access to Highways 14, 138, 58, and I-5 — making this site a true Gateway Between LA & the High Desert.

For investors, users, or institutional buyers, this isn’t just a building — it’s a launchpad for growth at the crossroads of Southern California logistics.

Investment Highlights

Brand-new Class A industrial building (2024 completion)
15 dock-high doors & 2 grade-level doors for maximum loading flexibility
32’ clear height + 99,853 SF of efficient floorplate
Located within established Fairway Industrial Business Park
M-2 zoning — flexible for distribution, light manufacturing, and logistics
Parking ratio: 0.92 per 1,000 SF
Strategic highway connectivity: 14, 138, 58, I-5
City of Palmdale: twice awarded “Most Business Friendly” (2015 & 2021)

Property Facts

Building Size: 99,853 SF
Lot Size: 2.31 AC
Year Built: 2024
Class: A
Subtype: Distribution
Stories: 1
Clear Height: 32’
Dock Doors: 15
Grade-Level Doors: 2
Zoning: M-2 (Light Manufacturing)

Industrial Market Report — Palmdale & Antelope Valley

Big Picture:
Palmdale and the greater Antelope Valley are emerging as Southern California’s “Next Frontier of Logistics”, with large tracts of land, proximity to LA ports, and strong transportation corridors. Institutional buyers and developers are now planting their flags in the High Desert as core LA/OC submarkets tighten.

Recent Activity:

Rexford Industrial Realty — one of the region’s largest industrial REITs — continues to expand holdings in the Antelope Valley, with multiple purchases in Lancaster/Palmdale exceeding $50M in aggregate (2023–2024).
Northrop Grumman & Lockheed Martin — though not pure logistics, these aerospace giants continue to expand their footprint in Palmdale, creating a halo effect for industrial demand and supply-chain tenants.
Amazon — operates a 1M+ SF fulfillment center nearby in Lancaster, establishing the High Desert as a credible logistics hub.
Leasing momentum: Tenants tied to aerospace supply chain, defense contractors, and regional distribution are increasingly targeting Palmdale for large box opportunities as rents remain a fraction of Inland Empire West/LA Basin.

Market Dynamics:

Vacancy: Relatively low, with new supply in high demand.
Rents: Average asking lease rates in Palmdale hover in the $0.80 – $1.25 PSF/month NNN range, materially below Inland Empire averages — a “discount gateway” for cost-conscious distributors.
Cap Rates: Institutional investors see mid-5% to mid-6% cap rates on stabilized Class A assets, reflecting both growth potential and relative affordability.

Takeaway:
40347 Legacy Lane represents a rare, turnkey, trophy-class acquisition in an industrial market that’s still undervalued but rising quickly. With institutional money pouring in, aerospace anchors nearby, and a logistics corridor in expansion mode, this property is positioned as a crown jewel in Palmdale’s industrial future.