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Photo
Property TypeIndustrial
LocationGardena, California
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TitleSingle Story Vacant Industrial Warehouse in one of the nation's strongest industrial markets located in the South Bay
Summary

Vacant Industrial Warehouse in Strong Industrial Market Located in the South Bay City of Gardena
Located near Broadway and Redondo Beach Blvd
30 Minutes to LAX and Long Beach Ports

Details

18000 SF - 38,815 SF (0.89 Acre) Lot - Built 1956
Property consists of a newly vacant single story warehouse with ceiling heights from 13' to 16' with gated entry and large lot for parking. The Gardena industrial sub-market is part of the robust ~206M SF port served South Bay Industrial Market, where market vacancy for South Bay sits at an extremely low 1.1%, with Gardena at a negligible 0.2% vacancy above 10K Square Feet.
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Property is located approximately 10 miles from the Ports of Los Angeles and Long Beach, and is part of a large infill market with one of the highest barriers to entry. With increasing global trade and corresponding port traffic, as well as greater emphasis on “last-mile” logistics, the areas property’s land has become increasingly rare and more valuable.

Income and Sales Details

The South Bay Industrial Market is one of the most consistently strong industrial markets in the Nation. Direct vacancy has not risen above 2% since 2014.

Asking Price$6,500,000.00
Date UpdatedNovember 26, 2024