120-124 157Th St, Gardena, CA 90248
14,810 SF | 100% Leased | Industrial Building | Gardena, CA 90248 | $4,218,570 ($285/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,218,570
- Property Type
-
Industrial
- Price / Square Foot
- $285
Listing Contacts
Will Smith
Verified Profile
- Property Info
Property Overview
2 buildings, 16’ clear, Concrete block construction.
Located in a gateway, infill industrial market offering a unique opportunity to acquire a high yield asset in the heart of Los Angeles.
200 Amps of power per building, Concrete paved rear yard.
Attractive discount to replacement cost which is in excess of $500 PSF driven by soaring land and construction costs.
Direct access to Downtown Los Angeles and the Airport via the 110 and 105 freeways. Direct access to the Ports and South Bay via 110 and 710 freeways.
Long term, strong credit Tenant with 4 years remaining on lease at market rate.
Extremely low 3.4% vacancy rate in South Bay and an even lower 1.9% vacancy rate in the City of Gardena.
Located in a gateway, infill industrial market offering a unique opportunity to acquire a high yield asset in the heart of Los Angeles.
200 Amps of power per building, Concrete paved rear yard.
Attractive discount to replacement cost which is in excess of $500 PSF driven by soaring land and construction costs.
Direct access to Downtown Los Angeles and the Airport via the 110 and 105 freeways. Direct access to the Ports and South Bay via 110 and 710 freeways.
Long term, strong credit Tenant with 4 years remaining on lease at market rate.
Extremely low 3.4% vacancy rate in South Bay and an even lower 1.9% vacancy rate in the City of Gardena.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 18,731 SF
Highlights
- Excellent Small Investment Opportunity
- Clean Well Maintained Buildings
- Long Standing Credit Tenant
- Great Freeway Access to 110 & 105
- Wrought Iron Fenced Concrete Yard
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