Gardena Industrial Flex
For Sale
Contact for pricing
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 Market88
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
Changed: Jul 10
Last Checked: Aug 6 at 3:55AM
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.
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
$1,447,786
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
5.81%
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%
$28,955,720
$29.0M
Cap Rate 7%
$20,682,657
$20.7M
Cap Rate 9%
$16,086,511
$16.1M
Market Conditions
NOI Build-Up for 111,266 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
$1.79M $16.08/SF
− Vacancy
−$85.9K −$0.77/SF
EGI
$1.70M $15.31/SF
− OpEx
−$255.5K −$2.30/SF
NOI
$1.45M $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%
$28,955,720
Cap Rate 7%
$20,682,657
Cap Rate 9%
$16,086,511
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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
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.
