Santa Fe Springs, CA 90670,8024 8036 Allport AVE
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Santa Fe Springs, CA 90670,8024 8036 Allport AVE
Santa Fe Springs, CA 90670,8024 8036 Allport AVE
Santa Fe Springs, CA 90670,8024 8036 Allport AVE
Santa Fe Springs, CA 90670,8024 8036 Allport AVE

$5,550,000

Est. payment /mo

$5,900,000

5.9%
Est.Price: ?

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8024 8036 Allport AVE Santa Fe Springs, CA 90670

1.31 Acres Lot

SOLD DATE : 11/27/2024

Key Details

Sold Price $5,550,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD24039762

Sold Date 11/27/24

HOA Y/N No

Year Built 1962

Lot Size 1.312 Acres

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.

Location

State CA

County Los Angeles

Area M2 - Santa Fe Springs

Interior

Fireplace No

Laundry None

Building

Lot Description Irregular Lot, Lot Over 40000 Sqft, Level, Rectangular Lot

Story 1

Water Public

Others

Tax ID 8169005034

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Krikor Garabedian • Keller Williams R. E. Services • 818-298-8810
Bought with Krikor Garabedian • Keller Williams R. E. Services

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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