120-124 W 157th St - Warehouse FOR SALE


Gardena, CA 90248
$3,800,000 USD
323-278-3137
120-124 W 157th St, Gardena, CA for Sale
$3,800,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

120-124 W 157th St
Gardena, CA 90248


HIGHLIGHTS

  • 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.
  • Direct access to Downtown Los Angeles and the Airport via 110 and 105 freeways. Direct access to the Ports and South Bay via 110 and 710 freeways.
  • Wrought Iron Fenced Concrete Yard
  • Long term, strong credit Tenant with 4 years remaining on lease at market rate.

OVERVIEW

Unique opportunity to acquire a small Class C, industrial park consisting of two buildings totaling 14,805 rentable square feet on a large 28,335 square foot lot in the heart of Los Angeles, a Tier 1 Gateway Industrial Market. The City of Gardena market is a severely supply-constrained area which boasts a 1.9% vacancy. These buildings are 100% leased to a long term tenant which operates one of their thirteen 1-800-GOT-JUNK franchises out of this location, with a current 5 year lease and 4% annual increases for another 4 years through February 2027.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

Lighting - Fluorescent

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.65

LAND SF

28,335

ZONING

LCM2

APN/PARCEL ID

6125-002-008

ASK ABOUT THIS PROPERTY

Will SmithColliersMore Info
323-278-3137

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Will SmithColliersMore Info
323-278-3137

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