Available For Sale - Industrial , Warehouse

78,088 SF | Show Pricing $

Download Brochure

AVAILABILITY DETAILS

Size
78,088 SF
Divisible
10,000–68,888
Price/SF
Show Pricing $
Listing ID
SA514057
Notes
The property is located 223 W Rosecrans Ave, Gardena, CA 90248 but within the City of Los Angeles as it

pertains to Planning/Building and Safety. It is located in the city of Gardena, the best logistics center adjacent to

the Long Beach Port and also adjacent to LA Airport. Gardena is Los Angeles’ industrial hub surrounding the 110

Freeway located 12 miles south of Downtown Los Angeles.

The city of Gardena warehouse sales and lease market is a highly sought-after industrial real estate market with

2022 proving to be an extremely high demand market year.

Currently, the best of market demand for warehouse rental and sales is between 80,000 sf to 100,000 sf.

Warehouse facilities are leased very quickly and sales used to be $380 per SF is now up to $460 per sf each(A+

building). The Southbay area always has a vacancy rate of less than 1%.

The reason is that there is no land that can be developed, and labor costs are too high to build.

On the other hand , with the increase in the distribution industry across the country, many people have been looking for warehouses, but due

to a lack of supply, price increases and vacancy rates are expected to remain at the lowest level.

Current our's leased contract rents are equal to $1.00/sf Industrial Gross which equates to 39% below market rents

current rental market a conservative estimate of $1.65/sf Gross market rent rate.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Edward Oh, Berkshire Hathaway Homeservices Commerical Team
BRE# 01310980