0.6 Acres of Industrial Land | Santa Fe Ave & Norton Ave
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0.6 Acres of Industrial Land Santa Fe Ave & Norton Ave
0.6 Acres of Industrial Land Online Auction Sale Lynwood, CA 90262
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Investment Highlights
- This offering is a 0.6-acre corner lot in the M (Manufacturing) Zone in the City of Lynwood where the general plan land-use designation is industrial.
- Presenting an attractive opportunity for industrial users/ developers seeking to capitalize on the growing demand for industrial space in the area.
- Approximately 14 miles from Downtown Los Angeles and 12.5 miles from the Los Angeles International Airport.
- Roughly 17 miles from the Port of Long Beach and Los Angeles and 3.7 miles from the Titan Railroad Terminal.
- Interstates 710 and 105 run through the city, making further regional connectivity a breeze, and the Metro’s C Line serves locals.
Executive Summary
Dayanim Real Estate Corporation is pleased to partner with Ten-X to present an attractive opportunity for industrial users or developers in the Los Angeles market. Located at the corner of Santa Fe Avenue and Norton Avenue, the subject site spans 0.6 acres, is zoned M (manufacturing), and is designated for industrial land use, according to the general plan. Its location offers access to major transportation routes, making it an attractive investment opportunity for industrial users or developers seeking to capitalize on the region's growing demand for industrial space. The property’s size and zoning provide flexibility for various potential uses, including manufacturing, warehousing, or distribution.
Lynwood, California, is central to everything, and locals can easily get around via Interstates 710 and 105, which run through the city. The site is less than 15 miles from Downtown Los Angeles, 12.5 miles from the Los Angeles International Airport, 17 miles from the Ports of Long Beach and Los Angeles, and 3.7 miles from the Titan Railroad Terminal. In this location, connectivity and cargo transports are a breeze. Similar tenants and industries in the immediate area include a pallet supplier, a recycling center, a truck repair shop, a steel supplier, metal and plastic fabrication companies, an autobody repair shop, and more.
The subject site’s 3-mile demographics confirm that nearly 8,000 daytime employees report to manufacturing and construction jobs in the goods-producing realm. Of the service-producing realm, trade transportation & utilities report more than 11,200 daytime employees, all perfectly aligned with the subject site’s capabilities. The SoCal industrial market sees a total labor force of 1,629,451, with nearly 300,000 warehouse employees. The transportation sector of the Los Angeles Market remains a critical economic anchor. Much of the demand is drawn from Los Angeles and Long Beach ports, which rank first and second in the US in terms of the annual containers (TEUs) handled. Container traffic at the Port of Los Angeles and Long Beach are up 14% and 15% in the first half of this year compared to the same time a year ago.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Lynwood, California, is central to everything, and locals can easily get around via Interstates 710 and 105, which run through the city. The site is less than 15 miles from Downtown Los Angeles, 12.5 miles from the Los Angeles International Airport, 17 miles from the Ports of Long Beach and Los Angeles, and 3.7 miles from the Titan Railroad Terminal. In this location, connectivity and cargo transports are a breeze. Similar tenants and industries in the immediate area include a pallet supplier, a recycling center, a truck repair shop, a steel supplier, metal and plastic fabrication companies, an autobody repair shop, and more.
The subject site’s 3-mile demographics confirm that nearly 8,000 daytime employees report to manufacturing and construction jobs in the goods-producing realm. Of the service-producing realm, trade transportation & utilities report more than 11,200 daytime employees, all perfectly aligned with the subject site’s capabilities. The SoCal industrial market sees a total labor force of 1,629,451, with nearly 300,000 warehouse employees. The transportation sector of the Los Angeles Market remains a critical economic anchor. Much of the demand is drawn from Los Angeles and Long Beach ports, which rank first and second in the US in terms of the annual containers (TEUs) handled. Container traffic at the Port of Los Angeles and Long Beach are up 14% and 15% in the first half of this year compared to the same time a year ago.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 0.60 AC |
| Property Subtype | Industrial | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Property Type | Land |
| Property Subtype | Industrial |
| Sale Type | Investment |
| Total Lot Size | 0.60 AC |
| Sale Conditions | Auction Sale |
1 Lot Available
Lot
| Lot Size | 0.60 AC |
| Lot Size | 0.60 AC |
The 0.6-acre corner lot is in the M (Manufacturing) Zone in the City of Lynwood. The general plan land-use designation is industrial. This presents an attractive opportunity for industrial users/ developers.
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DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Los Angeles
3,990,456
13
0 h 22 m
San Diego
1,425,976
110
2 h 15 m
Las Vegas
644,644
280
5 h 15 m
San Jose
1,030,119
348
6 h 36 m
Phoenix
1,660,272
381
6 h 55 m
San Francisco
883,305
392
7 h 19 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
3,361,274
Total Labor Force
1,629,451
Unemployment Rate
5.44%
Median Household Income
$64,044
Warehouse Employees
296,435
High School Education Or Higher
72.70%
PROPERTY TAXES
| Parcel Number | 6170-015-031 | Improvements Assessment | $0 |
| Land Assessment | $1,828,638 | Total Assessment | $1,828,638 |
PROPERTY TAXES
Parcel Number
6170-015-031
Land Assessment
$1,828,638
Improvements Assessment
$0
Total Assessment
$1,828,638
zoning
| Zoning Code | LYM (Lynwood Manufacturing) |
| LYM (Lynwood Manufacturing) |
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.
Read More
Auction Contact
Derek Rudd
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Pooya Dayanim - Pooya Dayanim
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Pooya Dayanim
0.6 Acres of Industrial Land | Santa Fe Ave & Norton Ave
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0.6 Acres of Industrial Land | Santa Fe Ave & Norton Ave
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