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
32
$5,550,000
$5,900,000
5.9%
Est.Price: ?

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1.31 Acres Lot

8024 8036 Allport AVE Santa Fe Springs, CA 90670

Est. payment /mo
SOLD DATE : 11/27/2024

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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

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agent

Michelle Pritchard

Agent | License ID: 01491286

+1(619) 723-1152

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