8024 Allport Avenue, Santa Fe Springs, CA 90670

  • $6,900,000
  • $250
8024 Allport Avenue, Santa Fe Springs, CA 90670
For Sale
8024 Allport Avenue, Santa Fe Springs, CA 90670
  • $6,900,000
  • $250

Overview

Property ID: SGR-25513443
  • Commercial Sale
  • Property Type
  • 1962
  • Year Built

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.

  • Address 8024 Allport Avenue
  • City Santa Fe Springs
  • State/county CA
  • Zip/Postal Code 90670
  • Area M2 - Santa Fe Springs
  • Country United States

Details

Updated on May 15, 2024 at 10:32 pm
  • Property ID: SGR-25513443
  • Price: $6,900,000
  • Land Area: 57167.00 m²
  • Year Built: 1962
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 27610.00
  • MLS#: GD24039762
  • Office Name: KELLER WILLIAMS R. E. SERVICES
  • Agent Name: Krikor Garabedian
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01216376
  • IDX Contact Info: 818-298-8810

Additional details

  • County: Los Angeles
  • Property SubType: Industrial
  • Water Source: Public

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