Gardena Industrial Flex
15001 S Figueroa Street Gardena, CA 90248
15001 S Figueroa Street, Gardena, CA, 90248
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For Sale
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Multi-tenant industrial flex asset in the South Bay area.
Property Size111,266 SF
Lot Size3.42 Acres
Price / SF$223.79
Days on Market69
Property Features for 15001 S Figueroa Street
General Information
- Standard status
- Active
- Size
- 111,266 SF
- Lot size
- 3.42 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1954
Listing Agency
Zacuto Group
Listed by
Matthew Luchs · License #01948233
Source
Crexi
Added: May 12 Checked: Jul 16 at 10:36 am
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
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.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.79M | $16.08 |
| − Vacancy | −$85.9k | −$0.77 |
| EGI | $1.70M | $15.31 |
| − OpEx | −$255.5k | −$2.30 |
| NOI | $1.45M | $13.01 |
111,266 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$20.68M
$18.10M – $24.13M
NOI $1,447,786 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$18.58M
$16.25M – $21.67M
NOI $1,300,263 @ 7.0% cap · market cap 5.22%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tech Waste Solutions
Business Management Consultant
Fallas Discount Stores ...
Corporate Office
Similar For Sale Nearby
Similar Off Market Nearby
- Crawford Electric Inc — 1230 W 144th St, Gardena, CA 90247
- BigChefGrill — 16001 S Hoover St, Gardena, CA 90247
- Belly's Sliders & Wings — 15315 S Figueroa St, Gardena, CA 90248
FAQs
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.
