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.