15120 S Gibson Ave - Commercial LAND FOR SALE


Compton, CA 90221- Downtown Compton80,586 SF
$6,000,000 USD
818-246-1099
15120 S Gibson Ave, Compton, CA for Sale
$6,000,000 USD
Commercial LAND - FOR SALE
1/3
80,586 SF

15120 S Gibson Ave
Compton, CA 90221
Downtown Compton


OVERVIEW

OWNERSHIP SEEKING PARTNERSHIP - VALUE ESTIMATE CURRENTLY IS $12,000,000 OWNER SEEKING 50/50 PARTNER FOR $6,000,0000. FULLY ENTITLED 108,000sf STATE OF THE ART STORAGE FACILITY ****entitlements for an additional 60,000SF IN ADDITION to the currently entitled 108,000sf project is in process. Total square footage - 168,000 EXCELLENT FREEWAY VISIBILITY WITH TRAFFIC COUNTS 243,105 CARS PER DAY The Ownership of the Gibson Storage Project are presenting to the market a fully entitled storage facility consisting of 108,000 square feet of structure. Development of this newly built storage facility will serve the South West Los Angeles sub-market as well as the northern region of the Long beach port areas. The development's projected pro forma income schedule will be an attractive option for any investor looking to gain ownership in a stable cash flow investment with excellent long term returns projected. CAP Rate Projection for disposition forecast in the attached OM is at a low projection of 5% for projected pricing upon completion/occupancy. Asset can comfortably sell in Los Angeles Market due to lack of inventory at a 4.5% CAP Rate equaling a value of $53,638,444 projected value.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/ACRE

$3,243,243/AC

PRICE/SF

$74 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Gibson 710 Storage Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Self-Storage

LAND ACRES

1.85 AC

LAND SF

80,586 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LCR1*/CORL*

APN/PARCEL ID

6180-024-004,6180-024-005,6180-024-015,6180-024-017,6180-024-018,6180-024-019,6180-024-020,6180-024-021

ASK ABOUT THIS PROPERTY

David HartunianJohnHart Real EstateMore Info
818-246-1099

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David HartunianJohnHart Real EstateMore Info
818-246-1099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.