1910-1920 W 144th St
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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.
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
- Offering Memorandum
Property Facts
Price | $6,900,000 | Rentable Building Area | 25,056 SF |
Price Per SF | $275 | No. Stories | 1 |
Sale Type | Investment NNN | Year Built | 1960 |
Cap Rate | 5.45% | Tenancy | Single |
Property Type | Industrial | Parking Ratio | 0.56/1,000 SF |
Property Subtype | Warehouse | Clear Ceiling Height | 14 FT 10 IN |
Building Class | C | No. Drive In / Grade-Level Doors | 2 |
Lot Size | 0.67 AC |
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 | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,640,466 | |
Land Assessment | $2,734,112 | Total Assessment | $4,374,578 |
PROPERTY TAXES
Parcel Numbers
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 |
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1910-1920 W 144th St
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