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401 Coral Cir 55,120 SF Flex Building El Segundo, CA 90245 For Sale
Investment Highlights
- Mission Critical Industrial Facility
- Booming Industrial Market Fundamentals
- Last Mile Logistics Location Proximate to Rivian Clientele
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 401 Coral Circle in El Segundo, CA (the “Property”). This 56,815 RSF mission critical industrial and R&D facility is 100% leased to Rivian (NYSE: RIVN) on a NNN basis through September 2034, offering an investor a long-term, secure, and escalating income stream from one of the fastest growing automotive innovators in the world.
Founded in 2009, Rivian (Nasdaq: RIVN) is a leading publicly traded American electric vehicle automaker with a market cap of $19.4B. Backed by the likes of Amazon, and Volkswagen, the company has quickly become a prominent name in the EV industry, focusing on producing both consumer and commercial electric vehicles.
401 Coral Circle is located in the highly desirable South Bay industrial market, which has averaged a mere 1.4% vacancy rate over the last 10 years. The submarket’s consistently low vacancy rates have placed an upward pressure on rents, which have increased 203% over the last decade. The South Bay industrial market continues to thrive, supported by its proximity to the Ports of Los Angeles, Long Beach, and LAX.
Founded in 2009, Rivian (Nasdaq: RIVN) is a leading publicly traded American electric vehicle automaker with a market cap of $19.4B. Backed by the likes of Amazon, and Volkswagen, the company has quickly become a prominent name in the EV industry, focusing on producing both consumer and commercial electric vehicles.
401 Coral Circle is located in the highly desirable South Bay industrial market, which has averaged a mere 1.4% vacancy rate over the last 10 years. The submarket’s consistently low vacancy rates have placed an upward pressure on rents, which have increased 203% over the last decade. The South Bay industrial market continues to thrive, supported by its proximity to the Ports of Los Angeles, Long Beach, and LAX.
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Property Type | Flex | Year Built | 1967 |
| Property Subtype | Flex Research & Development | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.02/1,000 SF |
| Lot Size | 2.14 AC | Clear Ceiling Height | 24’ |
| Rentable Building Area | 55,120 SF | ||
| Zoning | M-1 - Light Manufacturing | ||
| Sale Type | Investment NNN |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 2.14 AC |
| Rentable Building Area | 55,120 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Tenancy | Single |
| Parking Ratio | 2.02/1,000 SF |
| Clear Ceiling Height | 24’ |
| Zoning | M-1 - Light Manufacturing |
Amenities
- Fenced Lot
- Mezzanine
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating
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Property Taxes
| Parcel Number | 4138-013-009 | Improvements Assessment | $4,644,617 |
| Land Assessment | $12,727,757 | Total Assessment | $17,372,374 |
Property Taxes
Parcel Number
4138-013-009
Land Assessment
$12,727,757
Improvements Assessment
$4,644,617
Total Assessment
$17,372,374
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401 Coral Cir
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