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- LoopNet Team
903 Flint Ave
Wilmington, CA 90744
Industrial Property For Sale
Investment Highlights
- Lowest-priced Wilmington industrial property over 10,000 SF
- Industrial Vacancy in Wilmington under 1%
- As-improved market rents at $1.15/SF NNN
- As-is market rents at $0.90/SF NNN
- QOZ buyer will need to inject $427,754 in improvements to qualify and hold for 10 years**
- **Speak to your CPA and/or tax adviser to determine effects to your personal situation
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1956 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.41 AC | Clear Ceiling Height | 18 FT |
| Rentable Building Area | 4,840 SF | No. Drive In / Grade-Level Doors | 2 |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 4,840 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Tenancy | Single |
| Clear Ceiling Height | 18 FT |
| No. Drive In / Grade-Level Doors | 2 |
About 903 Flint Ave , Wilmington, CA 90744
The offering consists of 2 industrial buildings totaling 23,778 SF, and a 9,157 SF parking/storage lot located in one of Wilmington’s Opportunity Zones. This offering is perfectly positioned for a Qualified Opportunity Zone Fund investment, with approximately $350,000 in improvements required in order to qualify the property for tax-advantaged status. The building at 903 N Flint Ave is a 16,228 SF warehouse with office space up front constructed in 1986. There are 2 roll-up doors and 1 sliding door facing I Street for easy shipping and receiving capabilities. 927 Flint Ave is a 7,500 SF warehouse built in 1929. Current use is an owner/user rope and fibre manufacturing and distribution company that is willing to sign a 2-year lease-back for the 927 N Flint address as their footprint has excess capacity. The property is grandfathered as industrial even though zoning has become R-2. With market rents for a renovated industrial property at $0.90/SF vs. $0.80/SF in its current state, the offering provides substantial upside for an investor, or customized value for a new owner/user.
PROPERTY TAXES
| Parcel Number | 7425-036-029 | Improvements Assessment | $1,029,996 |
| Land Assessment | $1,150,682 | Total Assessment | $2,180,678 |
PROPERTY TAXES
zoning
| Zoning Code | LAR2 |
| LAR2 |
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