Gardena Industrial Flex
For Sale
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15001 S Figueroa Street, Gardena, CA 90248
Multi-tenant industrial flex asset in the South Bay area.
Property Size111,266 SF
Lot Size3.42 Acres
Price / SF$223.79
Days on Market161
Property Features for 15001 S Figueroa Street
General Information
Standard status
Active
Size
111,266 SF
Total Parking Spaces
38
Lot size
3.42 Acres
Property subtype
Industrial
Zoning
LAMR1
Occupancy
68%
Investment Type
Value Add
Net Operating Income
$585,677
Building Details
Year Built
1954
Units
25
Tenancy
Multi
Listing Agency:
Zacuto Group
Listed By:
Matthew Luchs · License #01948233
Source:
Crexi
Added: May 12
Changed: Oct 13
Last Checked: Oct 16 at 8:32AM
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 Zacuto Group
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Investment Insights
Based on property information with market context.
Located at 15001 S Figueroa Street, Gardena, CA, this multi-tenant industrial flex asset offers approximately 111,266 square feet of space on approximately 148,975 square feet (approximately 3.42 acres) of LAMR1-zoned land. Situated in the South Bay / Harbor Gateway North submarket, the property is currently 68.1% occupied, with 69,826 square feet leased across 14 of 25 units. The remaining 33,786 square feet (31.87%) is vacant across 11 units, offering functional and divisible spaces ranging from approximately 1,000 to 13,090 square feet. In-place rents range from approximately $1.00 to $1.67 per square foot, compared to market levels near $1.50 per square foot. A total of 28,223 square feet (26.62% of the building) rolls in 2026. A 40,000 square foot tenant occupies 39.5% of the property through November 2028. The remaining tenancy is diversified across small-bay users. The property features twelve loading bays (eleven dock-high and one ground), three-phase power (240V / 420V / 3-phase), secured gated access, and 38 surface parking spaces. It supports logistics, storage, light manufacturing, contractor, and service-oriented industrial users. The site is located at the intersection of S Figueroa Street and W Compton Boulevard, with immediate access to the I-110 Freeway. The property is approximately 14 miles from the Ports and 8 miles from LAX.
Key Highlights
- Significant value‑add opportunity with vacancy and below‑market rents, offering substantial upside through lease‑up and rent increases.
- Strategic location with immediate I‑110 Freeway access and proximity to the Ports of Los Angeles/Long Beach and LAX.
- Functional and divisible space with unit sizes ranging from ±1,000 SF to 13,090 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,300,263
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,005,260
$26.0M
Cap Rate 7%
$18,575,186
$18.6M
Cap Rate 9%
$14,447,367
$14.4M
Market Conditions
NOI Build-Up for 111,266 SF
Gross rent
$1.98M $17.76/SF
− Vacancy
−$118.6K −$1.07/SF
EGI
$1.86M $16.69/SF
− OpEx
−$557.3K −$5.01/SF
NOI
$1.30M $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,005,260
Cap Rate 7%
$18,575,186
Cap Rate 9%
$14,447,367
Alternative Uses
Best Use
Industrial
$18.58M
$16.25M – $21.67M
NOI $1,300,263 @ 7.0% cap · market cap 5.22%
Second Best
Flex RnD
$14.19M
$12.42M – $16.56M
NOI $993,317 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$59.57M
$52.12M – $69.50M
NOI $4,169,997 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90248, CA
11,295
Population
4,249
Households
2.7
Avg Household Size
42
Median Age
33%
College-Educated
84%
High-School Grad
4.8 sq mi
ZIP Area
2,353
Density / Sq Mi
$81,777
Median Household Income
$45,831
Median Earnings
$1,602
Median Rent
$646,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- BigChefGrill — 16001 S Hoover St, Gardena, CA 90247
- Belly's Sliders & Wings — 15315 S Figueroa St, Gardena, CA 90248
- Crawford Electric Inc — 1230 W 144th St, Gardena, CA 90247
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant industrial flex asset in the South Bay area.
Where is this flex space located?
The property is located at 15001 S Figueroa Street Gardena, CA.
What is the asking price?
The asking price for this property is $24,900,000.
What are key features of this property?
This property features: Significant value‑add opportunity with vacancy and below‑market rents, offering substantial upside through lease‑up and rent increases.; Strategic location with immediate I‑110 Freeway access and proximity to the Ports of Los Angeles/Long Beach and LAX.; Functional and divisible space with unit sizes ranging from ±1,000 SF to 13,090 SF.
