Two-Story Dock High
For Sale
Contact for pricing
2209-2211 S Santa Fe Ave, Los Angeles, CA 90058
Freestanding two-story warehouse with four dock-high positions, two ground-level doors, and 7,500-lb freight elevators.
Property Size64,600 SF
Price / SF$225
Days on Market222
Property Features for 2209-2211 S Santa Fe Ave
General Information
Standard status
Active
Size
64,600 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(323) 720-8484
Listed By:
Peter D Bacci · License #00946253
(213) 447-4137
Source:
Moodyscre
Added: Feb 3
Changed: Sep 4
Last Checked: Sep 12 at 3:54AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This freestanding two-story warehouse facility is well-suited for light industrial and distribution uses. The property includes four dock-high positions, two ground-level doors, and two freight elevators rated for 7,500 lbs.
Located on the LA/Vernon border within a very secure industrial park setting, the building supports a range of uses including garment, general merchandise, warehouse, and manufacturing.
With its dock-high loading configuration and on-site vertical transportation via the freight elevators, the facility provides practical operational flexibility for businesses that require both loading access and internal movement of goods between levels.
Located on the LA/Vernon border within a very secure industrial park setting, the building supports a range of uses including garment, general merchandise, warehouse, and manufacturing.
With its dock-high loading configuration and on-site vertical transportation via the freight elevators, the facility provides practical operational flexibility for businesses that require both loading access and internal movement of goods between levels.
Key Highlights
- Free‑standing two‑story warehouse facility on the LA/Vernon border
- 4 dock‑high positions plus 2 ground‑level doors for loading and receiving
- Includes 2 freight elevators rated at 7,500 lbs
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
$974,464
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
6.70%
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%
$19,489,280
$19.5M
Cap Rate 7%
$13,920,914
$13.9M
Cap Rate 9%
$10,827,378
$10.8M
Market Conditions
NOI Build-Up for 64,600 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
$1.22M $18.96/SF
− Vacancy
−$78.4K −$1.21/SF
EGI
$1.15M $17.75/SF
− OpEx
−$172.0K −$2.66/SF
NOI
$974.5K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$19,489,280
Cap Rate 7%
$13,920,914
Cap Rate 9%
$10,827,378
Alternative Uses
Best Use
Warehouse
$13.92M
$12.18M – $16.24M
NOI $974,464 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,308.76M
$1,145.16M – $1,526.88M
NOI $91,613,005 @ 7.0% cap · market cap 630.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90058, CA
3,751
Population
1,179
Households
3.2
Avg Household Size
31
Median Age
22%
College-Educated
58%
High-School Grad
5.8 sq mi
ZIP Area
647
Density / Sq Mi
$36,680
Median Household Income
$24,594
Median Earnings
$1,030
Median Rent
$456,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding two-story warehouse with four dock-high positions, two ground-level doors, and 7,500-lb freight elevators.
Where is this warehouse located?
The property is located at 2209-2211 S Santa Fe Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,535,000.
What are key features of this property?
This property features: Free‑standing two‑story warehouse facility on the LA/Vernon border; 4 dock‑high positions plus 2 ground‑level doors for loading and receiving; Includes 2 freight elevators rated at 7,500 lbs
