8024 8036 Allport Avenue , Santa Fe Springs, CA 90670
Santa Fe Springs, CA 90670
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.
Details
| MLS# | GD24039762 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 206 |
| Listing Provided By | Keller Williams R. E. Services 818-432-3200 | Krikor Garabedian |
Features
| SQ Feet | 27,610 |
|---|---|
| Story(s) | 1 |
| Building(s) | 2 |
| Acreage | 1.31 |
Market Activity 90670
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Fe Springs |
| Zip Code | 90670 |
| Area | M2 Santa Fe Springs |
| Listing VS Median (in 90670) | |
Price: $5,900,000 low | high Med: $790,048 SqFt: 27,610 low | high Med: 1,596 $ / SqFt: $214 low | high Med: $496 On Site: 206 low | high Med: 54.000000 | |
