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8024 Allport Avenue 8036 Santa Fe Springs, CA 90670
- Other / Resale (MLS)
Property Details for 8024 Allport Avenue 8036, Santa Fe Springs, CA 90670
Features
- Price/sqft: $249
Facts
- Year Built: 01/01/1962
- Property ID: 878011778
- MLS Number: GD24039762
- Property Type: Other
- County: LOS ANGELES
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. We are pleased to present a 27,600 square feet multi-tenant industrial property in Santa Fe Springs, California, situated on over 1.3 Acres of M1 zoned land and incorporating 2 separate multi-tenant industrial buildings plus a 3rd parcel which allows for street-to-street access. The buildings will be delivered occupant free at the close of escrow; there is one month-to-month tenant occupying the Freestone Yard parcel.nnThe two buildings include: 8024-8032 Allport Avenue, which is approximately 12,640 square feet with 6 roll up ground level doors; then a second building at 8036-8042 Allport Avenue which is approximately 14,970 square feet and includes 5 roll up ground level doors. The clearance height for 8024 is 14 to the beams and 16 to the rafters; while 8036 has a clearance of near12.5 to the beams and 14 to the ceiling.nnThe property has in recent years been entirely used as a wood moldings fabrication, warehouse and distribution center, yet the building has the infrastructure and design to convert back into a multi-tenant industrial asset. nnAt an estimated $1.60/SF rents the building has the potential to generate over $585,000 in annual revenue and yield of over 7.5% cap rate. Alternatively, an Owner-User can occupy a portion of the property and lease the balance for added income. This rare and versatile asset can suit a wide range of needs for either an investor or a business owner looking to expand their operations and footprint.
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Property Brokerage:
Keller Williams World Media Center
889 Americana Way #408
Glendale
CA
91210
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.