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1910-1920 W 144th St

25,056 SF Industrial Building Gardena, CA 90249 $6,900,000 ($275/SF) 5.45% Cap Rate

Investment Highlights

  • Excellent Investment Opportunity
  • 2-Building Project
  • Great Submarket of Los Angeles
  • 5.0% Cap Rate @ $300/SF
  • Heavy Power

Executive Summary

1910-1920 West 144th Street is a rare opportunity to purchase an industrial leased investment in the South Bay submarket of Los Angeles. The two buildings total 25,056 square feet and sits on two parcels of land totaling approximately 29,328 square feet (.67 acres). The two buildings are of brick construction with a large opening between the two buildings.
The property has heavy power with two panels (600 amp 400 volt 3-phase and 600 amps 240 volt 3-phase). The ground level doors for each building are oversized measuring approximately 14’ x 14’. There is plenty of natural light coming in the warehouse with skylights throughout the entire building. Both buildings have fire sprinklers. The smaller building has approximately 1,500 square feet of unfinished bonus mezzanine space (not included in the square footage) and the larger building has approximately 1,600 square feet of window-lined second (2nd) floor office space with an expansive open floor layout.
The Seller, Presentation Media Incorporated (PMI) occupies the Premises for their sign, trade show exhibit and large format printing business. PMI was established in 1969 and has acquired a few companies throughout the years (Classic Letters in 2007, ColorTek in 2011, ESP Exhibits in 2012, Adage Graphics in 2015 & Tandem Exhibits in 2016). They have been headquartered out of 1910-1920 West 144th Street since 2018 and have made extensive upgrades throughout the years.

Data Room Click Here to Access

Property Facts

Price $6,900,000
Price Per SF $275
Sale Type Investment NNN
Cap Rate 5.45%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.67 AC
Rentable Building Area 25,056 SF
No. Stories 1
Year Built 1960
Tenancy Single
Parking Ratio 0.56/1,000 SF
Clear Ceiling Height 14 FT 10 IN
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot
  • Front Loading
  • Skylights
  • Yard

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Presentation Media Inc
  • Manufacturing
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Presentation Media Inc Manufacturing 99,999 SF $9.99 Lorem Ipsum -
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 4062-003-003
  • 4062-003-002
Land Assessment
$2,734,112
Improvements Assessment
$1,640,466
Total Assessment
$4,374,578

zoning

Zoning Code C3 Mixed Use Overlay
C3 Mixed Use Overlay
  • Listing ID: 33194222

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 1910-1920 W 144th St, Gardena, CA 90249

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