Property Description

Location. Location. Property is located 223 W Rosecrans Ave, Gardena ,CA 90248. It is located in the city of Gardena, the best logistics center adjacent to the Long Beach Port and also adjacent to LA Airport. Gardena is Los Angeles’ industrial hub surrounding the 110 Freeway located 12 miles south of Downtown Los Angeles. The city of Gardena warehouse sales and lease market is a highly sought-after industrial real estate market with 2022 proving to be an extremely high demand market year. Currently, the best of the market demand for warehouse rental and sales is between 80,000 sf to 100,000 sf. According to various business press statistics, the South Bay area always has a vacancy rate of lease 1%. The reason is that there is no land that can be developed, and labor costs are too high to build. On the other hand , with the increase in the distribution industry across the country, many people have been looking for warehouses, but due to a lack of supply, price increases and vacancy rates are expected to remain at the lowest level. Current our’s leased contract rents are equal to $1.00/sf Industrial Gross which equates to 39% below market rents current rental market a conservative estimate of $1.65/sf Gross market rent rate. Therefore, since the current market rate price is much

Address Map
CA
Los Angeles
Gardena
90248
223 W Rosecrans Avenue
0
W119° 43' 21.8''
N33° 54' 8.1''
West Rosecrans Ave and south Br
MLS Addon
Berkshire Hathaway HomeService
Edward Oh
edwrdoh@gmail.com
: Brick, Concrete
CR363622533
CR360189115
: Public

Commercial Sale For Sale

223 W Rosecrans Avenue, Gardena, California 90248

78,088 Sqft
$30,610,000
Listing ID #CRRS22255455
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRRS22255455
Price : $30,610,000
Square Footage : 78,088 Sqft
Year Built : 1972
Lot Area : 141,595 Sqft
Status : Active
Property SubType : Warehouse
Agent info
Michael Roberts
Contact Agent