For Sale
$5,900,000

8024 Allport AveSanta Fe Springs, CA 90670

Vacant Industrial Complex, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Santa Fe Springs industrial property offers 27,610 square feet across two buildings on a 1.3-acre lot (APN: 8169-005-034; 8169-005-035; 8169-005-018). Zoned M1, it features 11 loading docks, ceiling heights ranging from 12 to 16 feet, and street-to-street access. Currently vacant (occupancy date 02/27/2024), this Class C property presents a compelling value-add opportunity for owner-users or investors. The asking price is $5,900,000 ($213.69/sq ft), with a pro-forma cap rate of 9.27% and NOI of $547,000. The property's layout, previously used for wood molding fabrication, warehousing, and distribution, is adaptable to various uses. Nine individual units are available, priced at $655,555.56 each. This versatile asset offers significant potential for income generation and operational expansion. The property consists of two buildings: one approximately 12,640 square feet with six roll-up doors, and another approximately 14,970 square feet with five roll-up doors. The buildings are ready for immediate occupancy and offer a rare opportunity in the Santa Fe Springs market. This is a private ownership property with no tenant credit rating.

Highlights

  • $5,900,000 asking price for this value-add, owner-user opportunity.
  • 27,610 square feet of vacant industrial space in two buildings.
  • Located on a 1.3-acre lot with M1 zoning in Santa Fe Springs, CA.
  • Features 11 loading docks and ceiling heights ranging from 12' to 16'.
  • Offers street-to-street access via Allport Avenue and Freestone Avenue.

Property Details for 8024 Allport Ave

Property type
Warehouses, Industrial properties
Square Feet
27,610 SF
Class
C
Year Built
1962
Buildings
2
Stories
1
Units
9

Location Insight

City
Santa Fe Springs
County
Los Angeles
State
California
Latitude
33.969399
Longitude
-118.0639693
8024 Allport Ave, Santa Fe Springs, California

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8024 Allport Ave
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