Multi-Tenant Industrial
New
For Sale
$2,275,000
18720 Normandie Ave, Gardena, CA 90248
Eight building tenants and a separate cell tower lease provide multiple existing income sources.
Property Size10,956 SF
Lot Size0.46 Acres
Price / SF$207.65
Days on Market3
Property Features for 18720 Normandie Ave
General Information
Standard status
Active
Size
10,956 SF
Lot size
0.46 Acres
Property subtype
Warehouse
Net Operating Income
$149,277
Financials
Asking Price
$2,275,000
Cap Rate
6.56%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Property Type: Multi-Tenant Industrial / Commercial
APN: 6109-009-028
Zoning: LACM
Configuration: 8 Building Units + Cell Tower Lease
Current Yield: 6.56% Cap Rate | $149,277 NOI
Tenancy: Month-to-Month Flexibility (Value-Add / Owner-User)
Rent Escalations: 3% Annual Leases / 4% Cell Tower
Location: Normandie Ave Frontage (Gardena/Torrance/Harbor Gateway) Access: Near I-405, I-110, SR-91, LAX, Ports of LA & LB
Building Details
Building Size
10,956 SF
Year Built
1973
Tenancy
Multi
Listing Agency:
Encino Office
Listed By:
Floyd Shaheen · License #License(s): CA: 01960743
(818) 212-2667
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 20 at 5:15PM
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 Encino Office
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Investment Insights
Based on property information with market context.
The industrial property contains approximately 10,956 square feet on approximately 19,823 square feet of land. Eight tenants occupy the building, with a separate cell tower lease adding another income source. Most building leases are month-to-month; applicable tenant leases include 3% annual increases, while the tower lease has 4% annual increases. The property was built in 1973 and reports a 6.56% cap rate.
Located at 18720 Normandie Avenue in Gardena, the site has frontage on the avenue and access to I-405, I-110, SR-91, and I-105. LAX, the Port of Los Angeles, and the Port of Long Beach are identified as regional transportation hubs within short transit distance.
Located at 18720 Normandie Avenue in Gardena, the site has frontage on the avenue and access to I-405, I-110, SR-91, and I-105. LAX, the Port of Los Angeles, and the Port of Long Beach are identified as regional transportation hubs within short transit distance.
Key Highlights
- Approximately 10,956 SF of industrial building area on approximately 19,823 SF of land
- Eight building tenants plus a separate cell tower lease
- Most building leases are month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,559
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,851,180
$2.9M
Cap Rate 7%
$2,036,557
$2.0M
Cap Rate 9%
$1,583,989
$1.6M
Market Conditions
NOI Build-Up for 10,956 SF
Gross rent
$176.2K $16.08/SF
− Vacancy
−$8.5K −$0.77/SF
EGI
$167.7K $15.31/SF
− OpEx
−$25.2K −$2.30/SF
NOI
$142.6K $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 Rate 5%
$2,851,180
Cap Rate 7%
$2,036,557
Cap Rate 9%
$1,583,989
Alternative Uses
Best Use
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,559 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.87M
$5.13M – $6.84M
NOI $410,606 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Eight building tenants and a separate cell tower lease provide multiple existing income sources.
Where is this warehouse located?
The property is located at 18720 Normandie Ave Gardena, CA.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: Approximately 10,956 SF of industrial building area on approximately 19,823 SF of land; Eight building tenants plus a separate cell tower lease; Most building leases are month‑to‑month
