8058 Westman Ave - Industrial FOR SALE


Whittier, CA 90606
$2,500,000 USD
310-709-0947
8058 Westman Ave, Whittier, CA for Sale
$2,500,000 USD
Industrial - FOR SALE
1/5
null | Request Cap Rate

8058 Westman Ave
Whittier, CA 90606


HIGHLIGHTS

  • SCARCE, IN DEMAND SMALL BAY INDUSTRIAL PRODUCT
  • IN PLACE INCOME WITH SUBSTANTIAL MARK TO MARKET UPSIDE
  • IRREPLACEABLE INFILL LOCATION IN A SUPPLY CONSTRAINED SUBMARKET
  • IMMEDIATE OWNER USER OCCUPIABILITY WITH SBA FINANCING
  • COMPLETE CONTROL THROUGH MONTH TO MONTH TENANCY
  • FLEXIBLE, DIVISIBLE CONFIGURATION WITH DIVERSIFIED INCOME

OVERVIEW

Avison Young is pleased to present the opportunity to acquire 8058 Westman Avenue, a ±8,590 square foot small bay multitenant industrial building in the heart of Santa Fe Springs. The property comprises six individual units ranging from ±1,000 to ±2,000 square feet, each with its own grade level roll up door and dedicated parking, set on a ±19,040 square foot lot at the end of a private cul de sac. Built in 1965 and well maintained, the asset offers 15 foot clear height, 18 parking spaces, and M-1 zoning supporting a broad range of industrial and service uses. Four units are leased on a month to month basis and generate current income, one unit is owner occupied and can convey vacant, and one unit is being renovated and readied for lease. Because every tenancy is month to month, a new owner controls the timing entirely and can grow in place rents to market, recapture space for owner occupancy, or lease the available units to stabilize. Small bay product of this size is effectively impossible to replicate at today’s land and construction costs and rarely trades in this submarket. For an owner user, the renovated and owner occupied units allow immediate occupancy with income in place on the balance, financeable through SBA with as little as 10% down.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Six (6) Unit Small Bay Industrial Building

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.44

LAND SF

19,040

ZONING

M-1

APN/PARCEL ID

8169-011-014

ASK ABOUT THIS PROPERTY

Patrick BarnesAvison YoungMore Info
310-709-0947

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Patrick BarnesAvison YoungMore Info
310-709-0947

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