Industrial Warehouse with Heavy
For Sale
Contact for pricing
2042 Garfield Ave, Commerce, CA 90040
Large industrial facility with loading access, a fenced yard, and M2 zoning.
Property Size56,715 SF
Price / SF$260.07
Days on Market58
Property Features for 2042 Garfield Ave
General Information
Standard status
Active
Size
56,715 SF
Property subtype
INDUSTRIAL
Zoning
M2
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
18 ft
Power
1,200 amps
Heavy Power
Yes
Listing Agency:
Cushman & Wakefield
(310) 516-9100
Listed By:
David Schatz · License #02060440
(818) 665-8602
Source:
Moodyscre
Added: Jul 22
Changed: Sep 6
Last Checked: Sep 16 at 1:08PM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This 56,715-square-foot industrial warehouse offers 1,200 amps of power, 18+ feet of clearance, and 6+ loading docks. The property includes a fenced yard and is zoned M2, supporting an industrial operating profile with substantial power and loading infrastructure.
Located on Garfield Ave in Commerce, the facility has major street frontage and close proximity to the 5 Freeway.
Located on Garfield Ave in Commerce, the facility has major street frontage and close proximity to the 5 Freeway.
Key Highlights
- 56,715‑square‑foot industrial warehouse
- 1,200 amps of power
- 18+ feet of clearance
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
$737,972
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
5.00%
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%
$14,759,440
$14.8M
Cap Rate 7%
$10,542,457
$10.5M
Cap Rate 9%
$8,199,689
$8.2M
Market Conditions
NOI Build-Up for 56,715 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
$912.0K $16.08/SF
− Vacancy
−$43.8K −$0.77/SF
EGI
$868.2K $15.31/SF
− OpEx
−$130.2K −$2.30/SF
NOI
$738.0K $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%
$14,759,440
Cap Rate 7%
$10,542,457
Cap Rate 9%
$8,199,689
Alternative Uses
Best Use
Warehouse
$10.54M
$9.22M – $12.30M
NOI $737,972 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$9.47M
$8.28M – $11.05M
NOI $662,776 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$30.36M
$26.57M – $35.43M
NOI $2,125,549 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90040, CA
12,089
Population
3,376
Households
3.6
Avg Household Size
36
Median Age
12%
College-Educated
65%
High-School Grad
5.6 sq mi
ZIP Area
2,159
Density / Sq Mi
$70,909
Median Household Income
$37,924
Median Earnings
$1,390
Median Rent
$576,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Large industrial facility with loading access, a fenced yard, and M2 zoning.
Where is this warehouse located?
The property is located at 2042 Garfield Ave Commerce, CA.
What is the asking price?
The asking price for this property is $14,750,000.
What are key features of this property?
This property features: 56,715‑square‑foot industrial warehouse; 1,200 amps of power; 18+ feet of clearance
