This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
903 Flint Ave
Wilmington, CA 90744
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Lowest-priced Wilmington industrial property over 10,000 SF
- Industrial Vacancy in Wilmington under 1%
- As-improved market rents at $1.15/SF NNN
- As-is market rents at $0.90/SF NNN
- QOZ buyer will need to inject $427,754 in improvements to qualify and hold for 10 years**
- **Speak to your CPA and/or tax adviser to determine effects to your personal situation
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1956 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.41 AC | Clear Ceiling Height | 18’ |
| Rentable Building Area | 4,840 SF | No. Drive In / Grade-Level Doors | 2 |
| Zoning | LAR2 | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 4,840 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | LAR2 |
ABOUT 903 FLINT AVE , WILMINGTON, CA 90744
The offering consists of 2 industrial buildings totaling 23,778 SF, and a 9,157 SF parking/storage lot located in one of Wilmington’s Opportunity Zones. This offering is perfectly positioned for a Qualified Opportunity Zone Fund investment, with approximately $350,000 in improvements required in order to qualify the property for tax-advantaged status. The building at 903 N Flint Ave is a 16,228 SF warehouse with office space up front constructed in 1986. There are 2 roll-up doors and 1 sliding door facing I Street for easy shipping and receiving capabilities. 927 Flint Ave is a 7,500 SF warehouse built in 1929. Current use is an owner/user rope and fibre manufacturing and distribution company that is willing to sign a 2-year lease-back for the 927 N Flint address as their footprint has excess capacity. The property is grandfathered as industrial even though zoning has become R-2. With market rents for a renovated industrial property at $0.90/SF vs. $0.80/SF in its current state, the offering provides substantial upside for an investor, or customized value for a new owner/user.
PROPERTY TAXES
| Parcel Number | 7425-036-029 | Improvements Assessment | $1,050,595 |
| Land Assessment | $1,173,695 | Total Assessment | $2,224,290 |
PROPERTY TAXES
