Value Add Warehouse in Prime DTLA 3201-3215 S Broadway
8,360 SF 36% Leased Industrial Building Online Auction Sale Los Angeles, CA 90007
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INVESTMENT HIGHLIGHTS
- Primely visible 8,360-SF industrial warehouse positioned on an accessible corner lot equipped with two-drive in bays in Historic South-Central LA.
- Value-add investment opportunity offering numerous options for occupancy and attributes that provide functionality and attractive long-term value.
- Currently occupied by a longstanding tenant on a MTM basis with a building layout that can accommodate multiple tenants with two private entrances.
- Exceptionally positioned five minutes from the I-110/I-10 interchange with sought-after proximity to DTLA, USC, Crypto Arena, and BMO Stadium.
- Beneficially situated over LAM1 zoned acreage with building features including a 17’ clear height, three-phase electricity, and a bow truss roof.
- SBA financing is available to qualified buyers.
EXECUTIVE SUMMARY
This sale offers the opportunity to purchase a high-visibility industrial warehouse in Historic South-Central Los Angeles. The building is configured for one or two tenants, has a 17-foot clear height, and is suitable for numerous types of industrial and commercial uses. SBA financing is available to qualified buyers.
The subject property, located at 3201-3215 S Broadway, consists of a single parcel for a total of 0.19 acres or 8,360 square feet of land. The property has been improved with an industrial warehouse that was constructed in 1947. The single-story, masonry-construction building is equipped with an ideal bow truss roof. The 8,360-square-foot building's footprint has been configured for one or two tenants and features a 4,040-square-foot mezzanine. Suite 3201, approximately 5,360 square feet, offers an open floor plan with a small office build-out and is to be delivered vacant. Suite 3215, approximately 3,000 square feet, and is currently occupied by a seasoned tenant who is on a month-to-month basis and who pays $4,342 per month. Each unit has a private entrance and a ground-level roll-up door and has been wired separately for electricity. Suite 3201 features 1-phase and 3-phase electrical services. Zoning on the site is LAM1 which is an industrial zoning designation that permits for numerous types of industrial and commercial uses.
Situated on the highly visible southwest corner of Broadway and 32nd Street, the property is in a desirable location in Historic South Los Angeles in front of over 18,000 vehicles per day. The site is conveniently positioned just outside of Downtown Los Angeles, the University of Southern California, Crypto Arena, and BMO Stadium. The asset benefits from its premier accessibility as it is less than 1 mile from the 110 Freeway/Interstate 110 and 1.6 miles from the Interstates 10 and 110 interchange.
3201-3215 S Broadway offers the opportunity to purchase a prominently visibility industrial warehouse in a sought-after, central location. The property offers numerous options for occupancy, features an open floor plan with a 17-foot clear height, and has attributes that provide for functionality and attractive long-term value.
Property tours are available by appointment only. Please contact the broker to schedule.
The subject property, located at 3201-3215 S Broadway, consists of a single parcel for a total of 0.19 acres or 8,360 square feet of land. The property has been improved with an industrial warehouse that was constructed in 1947. The single-story, masonry-construction building is equipped with an ideal bow truss roof. The 8,360-square-foot building's footprint has been configured for one or two tenants and features a 4,040-square-foot mezzanine. Suite 3201, approximately 5,360 square feet, offers an open floor plan with a small office build-out and is to be delivered vacant. Suite 3215, approximately 3,000 square feet, and is currently occupied by a seasoned tenant who is on a month-to-month basis and who pays $4,342 per month. Each unit has a private entrance and a ground-level roll-up door and has been wired separately for electricity. Suite 3201 features 1-phase and 3-phase electrical services. Zoning on the site is LAM1 which is an industrial zoning designation that permits for numerous types of industrial and commercial uses.
Situated on the highly visible southwest corner of Broadway and 32nd Street, the property is in a desirable location in Historic South Los Angeles in front of over 18,000 vehicles per day. The site is conveniently positioned just outside of Downtown Los Angeles, the University of Southern California, Crypto Arena, and BMO Stadium. The asset benefits from its premier accessibility as it is less than 1 mile from the 110 Freeway/Interstate 110 and 1.6 miles from the Interstates 10 and 110 interchange.
3201-3215 S Broadway offers the opportunity to purchase a prominently visibility industrial warehouse in a sought-after, central location. The property offers numerous options for occupancy, features an open floor plan with a 17-foot clear height, and has attributes that provide for functionality and attractive long-term value.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Investigations
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
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Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
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-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Los Angeles - CA USA
Market Cap Rate
Los Angeles - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
AMENITIES
- Fluorescent Lighting
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (94)
ABOUT CENTRAL LA (IND FOR SALE)
Central Los Angeles encompasses the neighborhoods around downtown Los Angeles, including the Arts District, Boyle Heights, and El Sereno. Major employers include Cal State Los Angeles and the University of Southern California Health Sciences campus.
The area has long been home to smaller industrial tenants that utilize space for a variety of manufacturing and distribution uses thanks to its central location in the massive Los Angeles metropolitan area. The area has a burgeoning life sciences corridor that stretches from Occidental College in the north to Cal State LA, with companies utilizing an educated workforce in the area for the expanding industry. Other large talent generators include universities such as Cal Tech in nearby Pasadena.
New construction is rare in these areas. Many recent transactions continue to be motivated by redevelopment strategies.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Los Angeles
3,990,456
6
0 h 11 m
San Diego
1,425,976
116
2 h 21 m
Las Vegas
644,644
278
5 h 12 m
San Jose
1,030,119
339
6 h 27 m
Phoenix
1,660,272
380
6 h 52 m
San Francisco
883,305
383
7 h 11 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
3,638,358
Total Labor Force
1,879,802
Unemployment Rate
5.51%
Median Household Income
$66,515
Warehouse Employees
264,592
High School Education Or Higher
76.70%
PROPERTY TAXES
| Parcel Number | 5122-006-008 | Improvements Assessment | $188,402 |
| Land Assessment | $628,023 | Total Assessment | $816,425 |
ZONING
| Zoning Code | LAM1 (Limited Industrial MR1, Limited Industrial/Manufacturing, no R Zone Uses, Hospitals, Schools, or Churches, any Enclosed C2 Use) |
SALE ADVISORS
SALE ADVISORS
Derek L. Caldwell, First Vice President Investments
(424) 405-3829
Contact
Derek L. Caldwell and the Caldwell Industrial Team is a leading group in commercial real estate sales, financing and advisory services. We are dedicated to executing the objectives of our private and institutional clients. Strategically positioned with the industry-leading brokerage for real estate investment sales, the Caldwell Industrial Team is equipped to meet the diverse needs of our clients.
Kevin Ward, Associate
(424) 405-3850
Contact
Kevin S. Ward is an Industrial Real Estate specialist with expertise in 1031 exchanges dedicated to making sure that his clients are able to achieve their goals and always act to their best interest. As a part of the Caldwell Industrial Team, Kevin is confident that his services will, like the rest of his team, be top in performance. Kevin holds a Bachelors Degree from UC Davis in Organizational Studies and a Minor in Technological Management. Being a student athlete with a scholarship in hammer throwing in the Davis Division I Track & Field squad, Kevin juggled his time during his stay in Davis with scholarships that deepened his knowledge in Real Estate. From commercial Banking to the highly sought after Project Destined Virtual Internship. Closing this chapter as a Marcus & Millichap Intern in the Sacramento Office, during Kevin's last quarter prior to graduation, he was running between Track practice, classes, the M&M Internship, weight lifting and competition for the school. As a Big West Conference "Commissioner's Honor Roll" Student Athlete, and an Industrial CRE expert, Kevin is ready to get into the ring and out perform any competition.
On his spare time, Kevin enjoys scenic views, traveling, and of course. Lifting heavy weight!
On his spare time, Kevin enjoys scenic views, traveling, and of course. Lifting heavy weight!
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
