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8024 Allport Avenue

Santa Fe Springs, CA 90670

$7,250,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $262 / sqft

1962

calendar_month Built

Property Description

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. The 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. The 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. At 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 8024 Allport Avenue
City Santa Fe Springs
State CA
Zip 90670
County Los Angeles
Listing Agent Krikor Garabedian DRE#01216376
Courtesy Of Keller Williams R. E. Services
MLS GD24039762
List Price $7,250,000
Status Active
Type Commercial
Subtype Industrial
Structure Size N/A
Lot Size N/A
Year Built 1962
DOM 49

Exterior Information

Maps

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Listing information courtesy of: Krikor Garabedian, Keller Williams R. E. Services . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 15th, 2024 at 1:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.