115 Penn St - Service FOR SALE


El Segundo, CA 90245
$2,950,000 USD
310-261-8428
115 Penn St, El Segundo, CA for Sale
$2,950,000 USD
Service - FOR SALE
1/18
null | Request Cap Rate

115 Penn St
El Segundo, CA 90245


HIGHLIGHTS

  • Zoned for light industrial use (M-1), ideal for manufacturing, warehousing, and distribution operations.
  • Located in El Segundo's Attractive industrial corridor, near LAX, the Port of Los Angeles, and major freeways.
  • Awesome features for future tenant use to support creative experiences and service-based businesses

OVERVIEW

In the unique beachside gem of El Segundo, CA, is a ±3,570 SF of service-oriented space located at 115 Penn Street. This creative and hip industrial building sits on a ±0.13-acre lot, features a clear ceiling height of 14 FT, includes one drive-in/grade-level door and boasts a parking ratio of 2.11/1,000 SF. Desirably located in El Segundo's sought-after Smoky Hollow industrial corridor, the property offers proximity to major transportation hubs and the Port of Los Angeles. Currently leased to South Bay Customs, a well-regarded custom motorcycle shop, art gallery, and live music venue, the property presents a rare and versatile opportunity for either an investment with the existing tenant, or as an owner-user facility. THE LOCATION: 115 Penn Street stands out as a prime investment opportunity within El Segundo’s industrial zone. Its strategic location is just a few miles from Los Angeles International Airport (LAX) and offers access to key transportation hubs like the Port of Los Angeles, with excellent connectivity to I-105 and I-405 freeways. El Segundo is celebrated for its vibrant blend of established manufacturing and emerging creative sectors, evidenced by its low industrial vacancy rate of approximately 2.8% and favorable cap rates of 4.5% to 5.5%. The local economy is healthy and growing, with a high median household income and strong growth potential, making this property a compelling choice in a thriving and well-connected market.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$826 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Freestanding, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,663

ZONING

M1, El Segundo

APN/PARCEL ID

4135-018-016

ASK ABOUT THIS PROPERTY

Judd DunningDWG Capital GroupMore Info
310-261-8428

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Judd DunningDWG Capital GroupMore Info
310-261-8428

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