Commerce Warehouse with Dock
For Sale
Contact for pricing
2060 Garfield Ave, Commerce, CA 90040
Freestanding warehouse with dock high positions and office layout.
Property Size24,500 SF
Price / SF$278
Days on Market388
Property Features for 2060 Garfield Ave
General Information
Standard status
Active
Size
24,500 SF
Property subtype
Industrial
Building Details
Year Built
1957
Buildings
1
Listing Agency:
CBRE - South Bay
(310) 363-4799
Listed By:
Cameron Merrill · License #01392623
Source:
Crexi
Added: Jul 25, 2025
Changed: Aug 8
Last Checked: Aug 14 at 7:25AM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This commercial real estate offering features a freestanding warehouse with major street identity. The property includes four dock-high positions and a bullpen office layout. It is equipped with 1200 amps of power. The building spans approximately 24,500 square feet and includes a paved yard. The layout incorporates three private offices and four pit levelers.
Key Highlights
- Four Dock High Positions for efficient loading/unloading
- 1200 Amps Power suitable for heavy machinery or equipment
- Free Standing Building offering independence and control
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
$318,792
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
4.68%
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%
$6,375,840
$6.4M
Cap Rate 7%
$4,554,171
$4.6M
Cap Rate 9%
$3,542,133
$3.5M
Market Conditions
NOI Build-Up for 24,500 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
$394.0K $16.08/SF
− Vacancy
−$18.9K −$0.77/SF
EGI
$375.0K $15.31/SF
− OpEx
−$56.3K −$2.30/SF
NOI
$318.8K $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%
$6,375,840
Cap Rate 7%
$4,554,171
Cap Rate 9%
$3,542,133
Alternative Uses
Best Use
Warehouse
$4.55M
$3.98M – $5.31M
NOI $318,792 @ 7.0% cap · market cap 4.68%
Second Best
Industrial
$4.09M
$3.58M – $4.77M
NOI $286,309 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$13.12M
$11.48M – $15.30M
NOI $918,204 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
778
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
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 - Freestanding warehouse with dock high positions and office layout.
Where is this warehouse located?
The property is located at 2060 Garfield Ave Commerce, CA.
What is the asking price?
The asking price for this property is $6,811,000.
What are key features of this property?
This property features: Four Dock High Positions for efficient loading/unloading; 1200 Amps Power suitable for heavy machinery or equipment; Free Standing Building offering independence and control
