This exceptional freestanding industrial warehouse, located at 9501 Washburn Road in Downey, California, presents a significant opportunity for businesses seeking a substantial space. Boasting a total of 24,712 square feet of vacant space, this single-tenant property is situated on a 1.26-acre lot. Built in 1952, the building features impressive ceiling heights ranging from 14 to 26 feet, providing ample vertical clearance for various operational needs. The property includes three drive-in doors for convenient loading and unloading, along with twenty-nine designated parking spaces. Power is supplied by 400 amp service panels with 120-480 Volt capabilities. The warehouse is zoned M2 by the City of Downey and has an APN of 6284-025-009. Its location in Los Angeles County, with a Downey zip code of 90242, offers excellent access to major transportation arteries. This bow-truss building presents a rare opportunity to acquire a substantial industrial space in a prime location, suitable for a wide range of industrial and warehousing operations. The property is available for both sale and lease, making it a versatile option for prospective buyers and tenants. Interested parties are encouraged to inquire for further details and to schedule a viewing.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$13,655,400
6.5%
$12,604,900
7%
$11,704,600
Comparable approach
Method
Valuation
Relative Method
$6,815,330
Geo Method
$6,815,330
Alternative Use
Use
Valuation
Retail / Commercial
$6,590,850
Mixed-Use / Specialty
$6,667,520
Hospitality / Lodging
$5,022,150
Office
$6,732,230
Institutional / Educational
$6,967,330
Residential Income
$8,151,770
Multifamily
$9,221,530
Automotive / Energy
$5,971,990
Parking / Income-Based Land
$1,961,910
Restaurant / Food Service
$3,681,590
Healthcare / Senior Housing
$6,734,700
Location Insight
City
Downey
County
Los Angeles
State
California
Latitude
33.9246
Longitude
-118.118
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Washburn Rd Downey, CA 90242
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Washburn Rd Downey, CA 90242
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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