Santa Fe Springs, CA 90670,8024 Allport Avenue
Santa Fe Springs, CA 90670,8024 Allport Avenue
Santa Fe Springs, CA 90670,8024 Allport Avenue
Listed by Kirk R Garabedian • Keller Williams R.E. Services
$5,550,000
Est. payment /mo
Est.Price: ?

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SOLD DATE : 11/27/2024

Key Details

Sold Price $5,550,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD-24039762

Year Built 1962

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.

Location

State CA

County Los Angeles

Interior

Laundry None

Building

Lot Description Irregular Lot, Level, Lot Over 40000 Sqft, Rectangular Lot

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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