$ 5,900,000
8024 8036 Allport AVE Santa Fe Springs, CA 90670
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$ 5,900,000
Est. payment /mo
Pending
8024 8036 Allport AVE Santa Fe Springs, CA 90670
1.31 Acres Lot
UPDATED:
09/30/2024 05:53 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID GD24039762
HOA Y/N No
Year Built 1962
Lot Size 1.312 Acres
Property Description
We are pleased to present a 27,600 square feet multi-tenant industrial property in Santa Fe Springs, California, situated on over 1.3 Acres of M1 zoned land and incorporating 2 separate multi-tenant industrial buildings plus a 3rd parcel which allows for street-to-street access. The buildings will be delivered occupant free at the close of escrow; there is one month-to-month tenant occupying the Freestone Yard parcel.
The two buildings include: 8024-8032 Allport Avenue, which is approximately 12,640 square feet with 6 roll up ground level doors; then a second building at 8036-8042 Allport Avenue which is approximately 14,970 square feet and includes 5 roll up ground level doors. The clearance height for 8024 is 14’ to the beams and 16’ to the rafters; while 8036 has a clearance of near12.5’ to the beams and 14’ to the ceiling.
The property has in recent years been entirely used as a wood moldings fabrication, warehouse and distribution center, yet the building has the infrastructure and design to convert back into a multi-tenant industrial asset.
At an estimated $1.60/SF rents the building has the potential to generate over $585,000 in annual revenue and yield of over 7.5% cap rate. Alternatively, an Owner-User can occupy a portion of the property and lease the balance for added income. This rare and versatile asset can suit a wide range of needs for either an investor or a business owner looking to expand their operations and footprint.
The two buildings include: 8024-8032 Allport Avenue, which is approximately 12,640 square feet with 6 roll up ground level doors; then a second building at 8036-8042 Allport Avenue which is approximately 14,970 square feet and includes 5 roll up ground level doors. The clearance height for 8024 is 14’ to the beams and 16’ to the rafters; while 8036 has a clearance of near12.5’ to the beams and 14’ to the ceiling.
The property has in recent years been entirely used as a wood moldings fabrication, warehouse and distribution center, yet the building has the infrastructure and design to convert back into a multi-tenant industrial asset.
At an estimated $1.60/SF rents the building has the potential to generate over $585,000 in annual revenue and yield of over 7.5% cap rate. Alternatively, an Owner-User can occupy a portion of the property and lease the balance for added income. This rare and versatile asset can suit a wide range of needs for either an investor or a business owner looking to expand their operations and footprint.
Location
State CA
County Los Angeles
Area M2 - Santa Fe Springs
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Irregular Lot, Lot Over 40000 Sqft, Level, Rectangular Lot
Story 1
Water Public
Others
Tax ID 8169005034
Special Listing Condition Standard
Listed by Krikor Garabedian • Keller Williams R. E. Services • 818-298-8810