Flex Warehouse with Fenced Truck
For Sale
Contact for pricing
16290-16300 Shoemaker Ave, Cerritos, CA 90703
Flex warehouse with 20' clearance, dock-high positions, and a fenced truck court plus office/showroom space.
Property Size150,450 SF
Price / SF$270
Days on Market229
Property Features for 16290-16300 Shoemaker Ave
General Information
Standard status
Active
Size
150,450 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
21
Listing Agency:
Colliers - El Segundo
(310) 787-1000
Listed By:
Christopher Sheehan, SIOR
(310) 321-1831
Source:
Moodyscre
Added: Jan 27
Changed: Sep 10
Last Checked: Sep 12 at 11:32AM
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 Colliers - El Segundo
Investment Insights
Based on property information with market context.
This flex warehouse includes office and showroom space totaling 28,180 square feet, along with industrial improvements designed for loading and storage. The facility offers 20' clearance and includes 21 dock-high positions. A fenced yard supports operations, and the property features a 142' truck court.
The site has frontage on Shoemaker Ave and is positioned for access to several major routes, including Interstates 5, 91, 105, and 605.
With dock-high loading, substantial yard space, and dedicated truck court area, the layout is built to accommodate day-to-day logistics within a corporate office/showroom environment.
The site has frontage on Shoemaker Ave and is positioned for access to several major routes, including Interstates 5, 91, 105, and 605.
With dock-high loading, substantial yard space, and dedicated truck court area, the layout is built to accommodate day-to-day logistics within a corporate office/showroom environment.
Key Highlights
- 28,180 SF office/showroom flex space
- 20' clearance warehouse with 21 dock‑high positions
- 142' truck court and fenced yard for vehicle staging and operations
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
$1,957,646
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
4.82%
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%
$39,152,920
$39.2M
Cap Rate 7%
$27,966,371
$28.0M
Cap Rate 9%
$21,751,622
$21.8M
Market Conditions
NOI Build-Up for 150,450 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
$2.42M $16.08/SF
− Vacancy
−$116.1K −$0.77/SF
EGI
$2.30M $15.31/SF
− OpEx
−$345.5K −$2.30/SF
NOI
$1.96M $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%
$39,152,920
Cap Rate 7%
$27,966,371
Cap Rate 9%
$21,751,622
Alternative Uses
Best Use
Warehouse
$27.97M
$24.47M – $32.63M
NOI $1,957,646 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$25.12M
$21.98M – $29.30M
NOI $1,758,171 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$80.55M
$70.48M – $93.98M
NOI $5,638,524 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
21
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90703, CA
49,735
Population
16,160
Households
3.1
Avg Household Size
46
Median Age
57%
College-Educated
94%
High-School Grad
8.7 sq mi
ZIP Area
5,717
Density / Sq Mi
$133,300
Median Household Income
$62,992
Median Earnings
$2,910
Median Rent
$906,500
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?
Flex space - Flex warehouse with 20' clearance, dock-high positions, and a fenced truck court plus office/showroom space.
Where is this flex space located?
The property is located at 16290-16300 Shoemaker Ave Cerritos, CA.
What is the asking price?
The asking price for this property is $40,621,500.
What are key features of this property?
This property features: 28,180 SF office/showroom flex space; 20' clearance warehouse with 21 dock‑high positions; 142' truck court and fenced yard for vehicle staging and operations
