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Wilmington Industrial Park 4 Industrial Properties Offered at $8,750,000 in Wilmington, CA
Investment Highlights
- Long-term residual value given A+ infill locations in key markets.
- 78.6% to 14 diverse tenants on NNN leases
- Highly functional design/modern construction with ideal suite sizes
- Attractive unit sizes ranging from ±1,365 to ±3,967 SF
- Pricing is at a significant discount to replacement cost
- No new construction of small-bay industrial product in these markets
Executive Summary
EXECUTIVE SUMMARY
CBRE, Inc. (“CBRE”), as exclusive advisor, is pleased to present the unique opportunity to acquire the Wilmington Industrial Park (“the Property”, “Buildings”, or “Site”) consisting of four single-story industrial buildings totaling ±33,279 sq. ft. in Wilmington, in one of the most desirable industrial markets in the country. Together, the portfolio of buildings is 79% leased to 14 diverse tenants, with a WALT of ±1.52 years. This provides a unique opportunity to acquire irreplaceable assets with strong in-place cash flows and the ability to boost yields.
The properties, which span ±1.41 acres, are strategically located in the port-adjacent South Bay Market. This area benefits from strong labor and consumer demographics and offers excellent access to multiple transportation routes that service the Southern California population. There is future upside in the potential ability to divide the parcels and sell them separately.
CBRE, Inc. (“CBRE”), as exclusive advisor, is pleased to present the unique opportunity to acquire the Wilmington Industrial Park (“the Property”, “Buildings”, or “Site”) consisting of four single-story industrial buildings totaling ±33,279 sq. ft. in Wilmington, in one of the most desirable industrial markets in the country. Together, the portfolio of buildings is 79% leased to 14 diverse tenants, with a WALT of ±1.52 years. This provides a unique opportunity to acquire irreplaceable assets with strong in-place cash flows and the ability to boost yields.
The properties, which span ±1.41 acres, are strategically located in the port-adjacent South Bay Market. This area benefits from strong labor and consumer demographics and offers excellent access to multiple transportation routes that service the Southern California population. There is future upside in the potential ability to divide the parcels and sell them separately.
Property Facts
| Price | $8,750,000 | Number of Properties | 4 |
| Price / SF | $269.24 / SF | Individually For Sale | 0 |
| Cap Rate | 5.77% | Total Building Size | 32,499 SF |
| Sale Type | Investment | Total Land Area | 1.66 AC |
| Status | Active |
| Price | $8,750,000 |
| Price / SF | $269.24 / SF |
| Cap Rate | 5.77% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 32,499 SF |
| Total Land Area | 1.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 830 Watson Ave, Wilmington, CA 90744 | Industrial | 10,396 SF | 1990 | - |
| 831 Mahar Ave, Wilmington, CA 90744 | Industrial | 9,550 SF | 1990 | - |
| 846 Watson Ave, Wilmington, CA 90744 | Industrial | 7,195 SF | 1987 | - |
| 845 Mahar Ave, Wilmington, CA 90744 | Industrial | 5,358 SF | 1964 | - |
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Contacts
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Mark Shaffer -
Grant Goldman -
Anthony DeLorenzo -
Gerard Poutier -
Dylan Rutigliano -
CBRE, Inc.
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