16605 Norwalk Blvd - Warehouse FOR SALE


Cerritos, CA 90703
$3,500,000 USD
714-564-7181
16605 Norwalk Blvd, Cerritos, CA for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/2
null | Request Cap Rate

16605 Norwalk Blvd
Cerritos, CA 90703


HIGHLIGHTS

  • Private Fenced Yard (Concrete)
  • Free Standing Building , Corner Location

OVERVIEW

Lee & Associates is pleased to present this desirable and irreplaceable single tenant industrial property in Cerritos, CA. The 9,176 SqFt property features a strong local tenant who has occupied the property since 2007. The subject property currently presents an investor with stable cash flows and hands off management. The Property is currently 100% leased, with 2+ years remaining on the existing lease term. Land and construction costs make development of these types of properties extremely difficult, and therefore these smaller industrial buildings with fenced yards maintain high demand from the market from both investors and owner users. There is potential to sell this property to an owner user buyer in 2 years, providing opportunity for upside potential long term. With the current building features, coupled with its strategic location in this desirable Southern California marketplace boasting strong fundamentals, the Subject Property offers an investor immediate and long term value and stability. In addition, the convenient freeway access and nearby retail and dinning amenities, it is well positioned to attract future tenants, businesses and employees for the long-term, if the existing tenant were ever to vacate.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$381 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

1976

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.53

LAND SF

23,087

ZONING

CEM

APN/PARCEL ID

7011-001-001

ASK ABOUT THIS PROPERTY

Christopher DestinoLee & AssociatesMore Info
714-564-7181

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Christopher DestinoLee & AssociatesMore Info
714-564-7181

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