310-363-4906
, Signal Hill, CA for Sale
Industrial - FOR SALE
1/8
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3259-3299 Walnut Ave/1400-1520 E 33rd St
Signal Hill, CA


HIGHLIGHTS

  • 8 institutional quality small-bay industrial buildings totaling 74,353 SF with grade level loading in every unit
  • 95% leased to 34 high quality tenants with 1.7 years of WALT and strong in-place cash flow and over 37,885 SF new leasing over the last 18 months
  • Attractive building sizes ranging from 7,580 SF - 13,600 SF with varied unit sizes to accommodate a broad range of users
  • Strong history of institutional ownership and management
  • Signal Hill has maintained an extremely low 0.7% average industrial vacancy since 2016
  • Severely under-supplied market with only 2 properties built in nearly 20 years

OVERVIEW

CBRE, as an exclusive broker, is pleased to present the unique opportunity to acquire Walnut Avenue Business Park, eight institutional quality small-bay industrial buildings totaling 74,353 SF located in Signal Hill, CA. The Park is 95% leased to 34 diverse tenants and has maintained a strong historical occupancy, presenting a unique opportunity to acquire strong in-place cash flow in a higher barrier to entry market. This small-bay product type is extremely difficult to replicate today. Walnut Avenue Business Park is highly functional with 49 grade-level loading doors (at least 1 in every unit) and abundant auto parking with 129 spaces. The buildings and unit sizes are ideal for this market with suite sizes ranging from 1,180 SF to 6,400 SF. The Park is strategically located in the supply-constrained South Bay market, which has averaged 1.0% industrial vacancy since 2016 in spaces less than 25K SF. This mission critical location offers immediate I-405 freeway access, and proximity to nearly 10.4 million people and 4.8 million employees within 30 miles of the site.

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310-363-4906

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310-363-4906

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