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8024 8036 Allport Avenue

Santa Fe Springs, CA 90670

PRICE REDUCED

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-$2,350,000 (-28.48%)

$5,900,000

List Price

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1962

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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.

Listing Information

List Price $5,900,000
Status Active
MLS GD24039762
Type Commercial
Subtype Industrial
Year Built 1962
Lot Size 57,167
Structure Size N/A
DOM 170
Courtesy Of Keller Williams R. E. Services
Listing Agent Krikor Garabedian DRE#01216376

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

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Listing information courtesy of: Krikor Garabedian, Keller Williams R. E. Services . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 23rd, 2024 at 3:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.