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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.

PROPERTY FEATURES

Water Source: Public
Lot Features: Lot Over 40000 Sqft,Irregular Lot,Rectangular Lot,Level
Land Use: Industrial Number Of Buildings: 2 Investment Property Industrial Type: High Tech/R&D,Manufacturing,Warehouse/Distribution,Warehouse/Office Parcel Identification Number: 8169005034 Occupancy: Vacant
Laundry Features: None Laundry: Has Laundry
MLSAreaMajor: M2 - Santa Fe Springs

PROPERTY DETAILS

Street Address: 8024 Allport Avenue
City: Santa Fe Springs
State: California
Postal Code: 90670
County: Los Angeles
MLS Number: GD24039762
Year Built: 1962
Courtesy of Keller Williams R. E. Services

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