245-261 E 157th St - Manufacturing FOR SALE


Gardena, CA 90248
$18,271,414 USD
323-985-6400
245-261 E 157th St, Gardena, CA for Sale
$18,271,414 USD
Manufacturing - FOR SALE
1/21
null | Request Cap Rate

245-261 E 157th St
Gardena, CA 90248


HIGHLIGHTS

  • High-Demand South Bay Infill Industrial Submarket, Asset in Strategic Location in Gardena
  • Predictable In-Place Income, High-Occupancy Asset(8 of 9 units leased)
  • Strong Tenant Rentention and Cash Flow w/ Long-Term NNN Leases and Rental Escalations
  • Modern 2 Tilt-Up Concrete Buildings with 15 GL Roll-up Doors & rooftop HVAC units
  • Ample Parking for Industrial Users and Fleet Vehicles, Favorable Ratio 2.3/1,000 SF
  • Diversified Rent Roll (See Attachment)

OVERVIEW

Prime Investment Opportunity for Investors seeking a high-yield, large-scale multi-tenant industrial acquisition offering +/- 69,095 SF of building area plus additional mezzanine space of +/- 1,451 SF bringing Total Rentable SF to +/- 70,546 SF situated on an approximate 2.87 acres lot. Acquisitions in Gardena, a sought-after infill South Bay submarket, rarely trade for this scale, high-occupancy, and pricing. Multi-tenant asset is comprised of nine (9) units, currently eight fully-occupied (= 89% occupancy) and only one vacant unit of approximately 10, 000 SF, providing a strong tenant base and also a built-in value-add to lease-up that one vacancy at market rate. Ideal for Investors seeking durable cash flow and long-term appreciation given asset's strategic location in Gardena--known as an established and core industrial submarket in Southern California. Asset's offers market-leading connectivity and accessibility to major freeways (110,91,405), the Ports of Los Angeles and Long Beach, LAX, regional distribution hubs, and more.

FOR SALE DETAILS

PRICE

$18,271,414 USD

PRICE/SF

$259 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

19 Ft

DOCKS

-

DRIVE INS

15

PARKING SPACES

163

LAND DETAILS

LAND ACRES

2.86

LAND SF

124,760

ZONING

LCM1*

APN/PARCEL ID

6129-019-038

ASK ABOUT THIS PROPERTY

Jay ParkGolden PropertiesMore Info
323-985-6400

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

Jay ParkGolden PropertiesMore Info
323-985-6400

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