115 Penn St
El Segundo, CA 90245
New For Lease! 3k SF Industrial Smoky Hollow · Property For Lease

NEW! FOR SALE (OR LEASE) 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', 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. Zoned for light industrial and a dynamic infrastructure already in place, 115 Penn Street provides great flexibility for future tenant use and is available for $2.24 per square foot / $8,000 per month. Tenants can utilize this multi-purpose light industrial space for various service, experience, industrial and storage needs. 115 Penn Street stands out as a prime lease or sale 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. ABOUT THE LEASE Previously utilized as a multi-functional venue, this property is ideal for a wide range of tenants, including creative studios, event spaces, and light manufacturing or service businesses. The space features three distinct areas, a clear ceiling height of 14 feet, and one drive-in/grade-level door, all at an attractive price of $8,000 per month ($2.24 PSF).