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For Sale or Lease ($1.42/SF/MO) 1026 S Gerhart Ave 4,075 SF Industrial Building Commerce, CA 90022 $1,200,000 ($294.48/SF) 6.88% Cap Rate

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Investment Highlights

  • Available For Sale or Lease - Delivered 100% Vacant
  • Logistics or small-scale production facility
  • Access to Major Logistics Hubs
  • Ideal for an Owner/User or Investor
  • Prime Industrial Location
  • Zoning: M (Light Manufacturing), suitable for various industrial and manufacturing uses.

Executive Summary

Available for sale or lease. 1026 S. Gerhart Avenue offers an ideal opportunity for businesses seeking a light industrial manufacturing warehouse located in Commerce, CA. This one-story, single-tenant, freestanding industrial property, built in 1950, spans 4,075 square feet and sits on a 5,009 square foot lot. Zoned M (Light Manufacturing), it provides flexibility for a wide variety of industrial or manufacturing operations. Importantly, the property will be delivered 100% vacant, making it suitable for an owner-user or an investor looking to capitalize on market rental rates. Located in a prime industrial area with proximity to key logistics hubs, including the Los Angeles and Long Beach ports, as well as the Alameda Corridor freight expressway, the property provides excellent logistical advantages.
Leasing Highlights:
Vanilla Shell condition with flexible room layouts suitable for various professional or business purposes. The property features an open, efficient workspace with owner improvements ready for occupancy.
___________________________________________________________________
Rental Rate: $1.42 per SF MG
Building Size: ±4,075 SF
Access: Secured Property w/Two Entrances
Zoning: Light Manufacturing (CMM1) – suitable for industrial, warehouse, or light manufacturing use
Availability: Immediate occupancy
Lease Term: Flexible, negotiable
Ideal Users: Light manufacturing, distribution, e-commerce, storage, or production operations

Property Facts

Price $1,200,000
Price Per SF $294.48
Sale Type Investment or Owner User
Cap Rate 6.88%
Sale Condition Lease Option
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Showroom
Building Class B
Lot Size 0.11 AC
Rentable Building Area 4,075 SF
No. Stories 1
Year Built 1950
Tenancy Single
Zoning M1 - light industrial

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Signage
  • Storage Space

Utilities

  • Lighting
  • Gas
  • Water
Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
6339-001-007
Land Assessment
$816,000
Improvements Assessment
$316,200
Total Assessment
$1,132,200
  • Listing ID: 33199099

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 1026 S Gerhart Ave, Commerce, CA 90022

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