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245-261 E 157th St 70,546 SF 100% Leased Industrial Building Gardena, CA 90248 $18,271,414 ($259/SF)



Investment Highlights
- High-Demand South Bay Infill Industrial Submarket, Asset in Strategic Location in Gardena
- Strong Tenant Rentention and Cash Flow w/ Long-Term NNN Leases and Rental Escalations
- Ample Parking for Industrial Users and Fleet Vehicles, Favorable Ratio 2.3/1,000 SF
- Predictable In-Place Income, High-Occupancy Asset(8 of 9 units leased)
- Modern 2 Tilt-Up Concrete Buildings with 15 GL Roll-up Doors & rooftop HVAC units
- Diversified Rent Roll (See Attachment)
Executive Summary
Prime Investment Opportunity for Investors seeking a high-yield, large-scale multi-tenant industrial acquisition offering +/- 69,095 SF of building area plus additional mezzanine space of +/- 1,451 SF bringing Total Rentable SF to +/- 70,546 SF situated on an approximate 2.87 acres lot. Acquisitions in Gardena, a sought-after infill South Bay submarket, rarely trade for this scale, high-occupancy, and pricing. Multi-tenant asset is comprised of nine (9) units, currently eight fully-occupied (= 89% occupancy) and only one vacant unit of approximately 10, 000 SF, providing a strong tenant base and also a built-in value-add to lease-up that one vacancy at market rate. Ideal for Investors seeking durable cash flow and long-term appreciation given asset's strategic location in Gardena--known as an established and core industrial submarket in Southern California. Asset's offers market-leading connectivity and accessibility to major freeways (110,91,405), the Ports of Los Angeles and Long Beach, LAX, regional distribution hubs, and more.
Property Facts
| Price | $18,271,414 | Lot Size | 2.86 AC |
| Price Per SF | $259 | Rentable Building Area | 70,546 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1962 |
| Property Type | Industrial | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 19’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 15 |
| Zoning | LCM1* - Light Manufacturing | ||
| Price | $18,271,414 |
| Price Per SF | $259 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.86 AC |
| Rentable Building Area | 70,546 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.31/1,000 SF |
| Clear Ceiling Height | 19’ |
| No. Drive In / Grade-Level Doors | 15 |
| Zoning | LCM1* - Light Manufacturing |
Amenities
- Fenced Lot
- Security System
- Signage
- Skylights
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Andy Carver Moses
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$9.99
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Lorem Ipsum
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Jan 0000
- Bogar Tech Designs
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$9.99
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Lorem Ipsum
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Jan 0000
- Honey Badger Fabrication Inc
- Manufacturing
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$9.99
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Lorem Ipsum
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Jan 0000
- Hy Van Tran
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$9.99
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Lorem Ipsum
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Jan 0000
- My News Delivery
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- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Pronto Installation
- Wholesaler
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$9.99
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Jan 0000
- Quality Pest
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$9.99
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Lorem Ipsum
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- Zuno
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Andy Carver Moses | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Bogar Tech Designs | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Honey Badger Fabrication Inc | Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Hy Van Tran | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| My News Delivery | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Pronto Installation | Wholesaler | - | $9.99 | - | Jan 0000 | |
| Quality Pest | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Zuno | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6129-019-038 | Improvements Assessment | $5,836,644 |
| Land Assessment | $9,020,268 | Total Assessment | $14,856,912 |
Property Taxes
Parcel Number
6129-019-038
Land Assessment
$9,020,268
Improvements Assessment
$5,836,644
Total Assessment
$14,856,912
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Golden Properties
245-261 E 157th St
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