Licensed Cannabis Industrial
New
For Sale
$6,400,000
10810-10844 Alameda St 2612 108th St & 2611 109th St, Lynwood, CA 90262
The Alameda buildings carry cannabis licenses supporting manufacturing, cultivation, nonstorefront retail, and distribution operations.
Property Size32,860 SF
Days on Market4
Property Features for 10810-10844 Alameda St 2612 108th St & 2611 109th St
General Information
Standard status
Active
Size
32,860 SF
Property subtype
Industrial
Building Details
Building Size
32,860 SF
Year Built
1953
Listing Agency:
Lee & Associates - Los Angeles - Downtown
(626) 786-7430
Listed By:
Evan Jurgensen · License #CalDRE #01967347
(626) 786-7430
Source:
Lee-associates
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 4:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Los Angeles - Downtown
Investment Insights
Based on property information with market context.
This multi-tenant industrial property includes buildings along Alameda Street that are licensed for cannabis activities. Permitted operations identified for the licensed facility include manufacturing, cultivation, nonstorefront retail, and distribution. The improvements also feature heavy power, supporting industrial and cannabis-related operations.
A licensed operator occupies 17,780 square feet within the property. The facility is positioned along the Alameda corridor, with access to the 105 Freeway described as being only minutes away. The buildings were constructed in 1953, and additional parcels are associated with the property through APNs 6170-003-035, 036, 037, 038, and 039.
A licensed operator occupies 17,780 square feet within the property. The facility is positioned along the Alameda corridor, with access to the 105 Freeway described as being only minutes away. The buildings were constructed in 1953, and additional parcels are associated with the property through APNs 6170-003-035, 036, 037, 038, and 039.
Key Highlights
- 17,780 SF leased to a fully licensed operator
- Buildings along Alameda are licensed for cannabis operations
- Licensed uses include manufacturing, cultivation, nonstorefront retail, and distribution
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$427,572
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,551,440
$8.6M
Cap Rate 7%
$6,108,171
$6.1M
Cap Rate 9%
$4,750,800
$4.8M
Market Conditions
NOI Build-Up for 32,860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$528.4K $16.08/SF
− Vacancy
−$25.4K −$0.77/SF
EGI
$503.0K $15.31/SF
− OpEx
−$75.5K −$2.30/SF
NOI
$427.6K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,551,440
Cap Rate 7%
$6,108,171
Cap Rate 9%
$4,750,800
Alternative Uses
Best Use
Warehouse
$6.11M
$5.34M – $7.13M
NOI $427,572 @ 7.0% cap · market cap 6.68%
Second Best
Industrial
$5.49M
$4.80M – $6.40M
NOI $384,005 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$17.59M
$15.39M – $20.53M
NOI $1,231,518 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - The Alameda buildings carry cannabis licenses supporting manufacturing, cultivation, nonstorefront retail, and distribution operations.
Where is this cannabis property located?
The property is located at 10810-10844 Alameda St 2612 108th St & 2611 109th St Lynwood, CA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: 17,780 SF leased to a fully licensed operator; Buildings along Alameda are licensed for cannabis operations; Licensed uses include manufacturing, cultivation, nonstorefront retail, and distribution
