12439 Florence AveSanta Fe Springs, CA 90670

Property Details for 12439 Florence Ave

Year built

1976

Lot size

2.12 AC

Property size (Sq ft)

44,800 SF

Zone code

SSM2*

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

8009-015-039

APU

8009015039

Description

This exceptional value-add industrial investment opportunity presents a rare chance to acquire a 44,856 square foot, multi-tenant warehouse complex situated on 2.12 acres in the highly sought-after Santa Fe Springs submarket of Los Angeles County, California. The property, comprised of two single-story buildings, boasts a 100% occupancy rate with a current Net Operating Income (NOI) of $829,061, yielding a 6.48% cap rate. Built in 1977, the property features 92 parking spaces and offers significant upside potential. In-place rents are approximately 45% below current market rates, presenting a compelling opportunity for immediate value enhancement. Recent capital improvements totaling approximately $300,000 have been made to the parking area. The property is strategically located with easy access to major freeways (I-5 and I-605), Metrolink stations, and LAX/Long Beach Airports and seaports, providing exceptional logistical advantages. The current asking price is $12,800,000, representing a purchase price approximately 23% below estimated replacement value of $16,500,000. The property's flexible layout allows for division into up to four separate units, with existing office pods and restrooms already in place, simplifying ownership and maximizing leasing flexibility. This offering presents a compelling investment opportunity in one of the strongest industrial markets in the nation, with significant potential for long-term growth and appreciation. The property is classified as Class C and is currently leased to two tenants.

• Alternative Use

  Use

  Valuation

  Residential

  $14,731,697

  Hospitality

  $13,494,155

  Educational

  $11,226,979

  Medical

  $11,613,092

  Retail

  $17,464,190

Location Insight

City

Santa Fe Springs

County

Los Angeles

State

California

Latitude

33.9359

Longitude

-118.067

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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