Freestanding Warehouse with 4
For Sale
Contact for pricing
16000 Phoebe Ave, La Mirada, CA 90638
Freestanding warehouse offering 18' clearance, four dock-high loading positions, and 4,000 SF of office space.
Property Size28,322 SF
Price / SF$350
Days on Market54
Property Features for 16000 Phoebe Ave
General Information
Standard status
Active
Size
28,322 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
4
Heavy Power
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Colliers - El Segundo
(310) 787-1000
Listed By:
Christopher Sheehan, SIOR
(310) 321-1831
Source:
Moodyscre
Added: Jul 22
Changed: Sep 5
Last Checked: Sep 12 at 10:01AM
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 Colliers - El Segundo
Investment Insights
Based on property information with market context.
This freestanding warehouse includes 18' clearance and four dock-high loading positions. The property also features a 4,000 SF office area. Heavy electrical service is available with 1,000 amps.
The building is located one block from the Interstate 5 freeway, supporting convenient regional access for business operations.
As presented, the asset combines logistics-oriented warehouse space with on-site office improvements and substantial power capacity.
The building is located one block from the Interstate 5 freeway, supporting convenient regional access for business operations.
As presented, the asset combines logistics-oriented warehouse space with on-site office improvements and substantial power capacity.
Key Highlights
- Freestanding warehouse with 18' clearance
- 4 dock‑high loading positions
- 4,000 SF office area
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
$368,524
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
3.72%
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%
$7,370,480
$7.4M
Cap Rate 7%
$5,264,629
$5.3M
Cap Rate 9%
$4,094,711
$4.1M
Market Conditions
NOI Build-Up for 28,322 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
$455.4K $16.08/SF
− Vacancy
−$21.9K −$0.77/SF
EGI
$433.6K $15.31/SF
− OpEx
−$65.0K −$2.30/SF
NOI
$368.5K $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%
$7,370,480
Cap Rate 7%
$5,264,629
Cap Rate 9%
$4,094,711
Alternative Uses
Best Use
Warehouse
$5.26M
$4.61M – $6.14M
NOI $368,524 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.16M
$13.27M – $17.69M
NOI $1,061,444 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
4
Dock-high doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90638, CA
46,967
Population
15,459
Households
3
Avg Household Size
43
Median Age
40%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
6,100
Density / Sq Mi
$110,606
Median Household Income
$54,235
Median Earnings
$2,052
Median Rent
$765,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse offering 18' clearance, four dock-high loading positions, and 4,000 SF of office space.
Where is this warehouse located?
The property is located at 16000 Phoebe Ave La Mirada, CA.
What is the asking price?
The asking price for this property is $9,912,700.
What are key features of this property?
This property features: Freestanding warehouse with 18' clearance; 4 dock‑high loading positions; 4,000 SF office area
