For Sale
$4,250,000

8515 La Cienega BlvdInglewood, CA 90301

High-Cap Rate Warehouse, Inglewood, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
This Inglewood, CA warehouse presents a compelling investment opportunity. The 12,400-square-foot building sits on a 22,240-square-foot lot, zoned MU-2A. Currently leased to State Van Rental under a triple-net (NNN) lease with 3.5 years remaining, the lease commands $14,688 per month, including a 2.5% annual increase. The current lease rate is $1.15 per square foot, while market rent is $1.75 per square foot, yielding a 6.1% market capitalization rate. Built in 1958, this property offers 24 parking spaces and boasts a highly accessible location, conveniently situated off the 405 freeway and just south of Manchester Boulevard, providing easy access to LAX. The asking price is $4,250,000, representing a 4.15% cap rate and a pro-forma cap rate of 6.21%. This property is ideal for investors seeking strong cash flow and potential for future appreciation in a prime Inglewood location. The property address is 8515 La Cienega Blvd, Inglewood, CA 90301.

Highlights

  • 12,400 SF warehouse on a 22,240 SF lot, zoned MU-2A in Inglewood, CA.
  • Leased to State Van Rental under a NNN lease at $14,688/month with 3.5 years remaining and a 2.5% annual increase.
  • Current rent is $1.15/SF, market rent is $1.75/SF, resulting in a 6.1% market capitalization rate.
  • Excellent location off the 405 freeway, south of Manchester Boulevard, with 24 parking spaces.
  • Asking price: $4,250,000, representing a 4.15% cap rate and a pro-forma cap rate of 6.21%.

Property Details for 8515 La Cienega Blvd

Property type
Warehouses, Industrial properties
Square Feet
12,400 SF
Year Built
1958

Location Insight

City
Inglewood
County
Los Angeles
State
California
Latitude
33.9602715
Longitude
-118.3705422
8515 La Cienega Blvd, Inglewood, California

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8515 La Cienega Blvd
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