Refurbished Manufacturing
For Sale
Contact for pricing
15711 South Broadway, Gardena, CA 90248
Refurbished industrial facility suited for manufacturing or warehouse operations.
Property Size86,560 SF
Price / SF$247.16
Days on Market56
Property Features for 15711 South Broadway
General Information
Standard status
Active
Size
86,560 SF
Class
B
Total Parking Spaces
86
Property subtype
Industrial
Zoning
M
Building Details
Year Built
1970
Year Renovated
2025
Stories
1
Listing Agency:
Voit Real Estate Services Voit Irvine
(323) 791-0038
Listed By:
Brian McLoughlin · License #CA 01268410
Source:
Crexi
Added: Jul 7
Changed: Aug 29
Last Checked: Aug 31 at 2:46AM
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 Voit Real Estate Services Voit Irvine
Investment Insights
Based on property information with market context.
This 86,560-square-foot manufacturing facility combines substantial industrial area with flexibility for warehouse use. The building was fully refurbished, providing updated improvements within an existing commercial structure originally constructed in 1970.
Located at 15711 South Broadway in Gardena, California, the property is positioned in the South Bay industrial market. Its scale and manufacturing-oriented classification support a range of production or storage applications.
Located at 15711 South Broadway in Gardena, California, the property is positioned in the South Bay industrial market. Its scale and manufacturing-oriented classification support a range of production or storage applications.
Key Highlights
- 86,560 SF manufacturing facility
- Fully refurbished building
- Manufacturing or warehouse use
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
$1,011,547
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
4.73%
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%
$20,230,940
$20.2M
Cap Rate 7%
$14,450,671
$14.5M
Cap Rate 9%
$11,239,411
$11.2M
Market Conditions
NOI Build-Up for 86,560 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
$1.54M $17.76/SF
− Vacancy
−$92.2K −$1.07/SF
EGI
$1.45M $16.69/SF
− OpEx
−$433.5K −$5.01/SF
NOI
$1.01M $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 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%
$20,230,940
Cap Rate 7%
$14,450,671
Cap Rate 9%
$11,239,411
Alternative Uses
Best Use
Industrial
$14.45M
$12.64M – $16.86M
NOI $1,011,547 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$46.34M
$40.55M – $54.07M
NOI $3,244,072 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Refurbished industrial facility suited for manufacturing or warehouse operations.
Where is this manufacturing property located?
The property is located at 15711 South Broadway Gardena, CA.
What is the asking price?
The asking price for this property is $21,394,080.
What are key features of this property?
This property features: 86,560 SF manufacturing facility; Fully refurbished building; Manufacturing or warehouse use
