15503 S Blackburn Ave 20,004 SF Industrial Building Norwalk, CA 90650 For Sale

Newmark is pleased to present the opportunity to acquire 15503 Blackburn Avenue, Norwalk, California (“Property”), a freestanding single-tenant industrial building located in the heart of the desirable Los Angeles County Industrial Submarket known as the “Mid-Cities” due to its central location. Built in 1977, the Blackburn Avenue Property consists of a 20,004 square foot building and is situated on 1.1 acres (47,941 square feet) of land area. The Property has unparalleled access throughout the Los Angeles Basin via I-5, I-605 and SR 91. The Property is equipped with 2,201 square feet of functional office area (newly constructed 2019), 18’ warehouse ceiling clearance, grade level loading, and features unique dock-high loading capability for a building of its size, with four (4) “true” dock-high loading positions. The Property also offers a large secured fenced yard. 15503 Blackburn Avenue is 100% leased to Miner, LTD with approximately 4 years of remaining lease term and 4.0% annual contractual rent escalations, providing investors secure and appreciating income with embedded upside potential within one of the strongest, supply-constrained markets in the country.