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14000 Halldale Ave

1.49 Acres of Industrial Land Offered at $6,900,000 in Gardena, CA 90249

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Executive Summary

6.04% In-Place Cap-Rate!! Long-Term tenant with multiple locations, and high-dollar capital expenditures in the facility. Exceptionally clean facility in the heart of Southern California. Land piece can be bought as a "set it and forget it" investment piece. Future redevelopment may be possible if Tenant doesn't renew the lease, as the City of Gardena encourages redevelopment of land into Residential developments. More information on the tenant can be found at www.lab-five.com.

14000Halldale_OM

Property Facts

Price	$6,900,000	Property Subtype	Industrial
Sale Type	Investment	Proposed Use	Industrial Office Contractor Storage Yard
No. Lots	1	Total Lot Size	1.49 AC
Property Type	Land

Price	$6,900,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Proposed Use	Industrial Office Contractor Storage Yard
Total Lot Size	1.49 AC

1 Lot Available

Lot

Price	$6,900,000	Lot Size	1.49 AC
Price Per AC	$4,630,872

Price	$6,900,000
Price Per AC	$4,630,872
Lot Size	1.49 AC

An approximate 1.5 acre parcel, currently used as an outdoor recreational facility and sold as a 100% leased investment with a long-term tenant in place. Exceptionally clean facility in the heart of Southern California.

Description

1.49 acre parcel of land, currently used as an outdoor sports venue for pay-per-play use on a semi-private/semi-public basis. Types of use include private events, tournaments, parties, user-organized games, etc. More information on the tenant can be found at www.lab-five.com.