Renovated Flex Space
For Sale
Contact for pricing
2728 N Slater Ave, Compton, CA 90222
Industrial property with upgraded offices, building systems, and a secured yard for manufacturing, distribution, or storage operations.
Property Size22,000 SF
Lot Size0.98 Acres
Price / SF$225
Days on Market46
Property Features for 2728 N Slater Ave
General Information
Standard status
Active
Size
22,000 SF
Lot size
0.98 Acres
Property subtype
Industrial
Zoning
ML
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Year Built
1957
Buildings
1
Building Size
22,000 SF
Listing Agency:
Lee & Associates
(310) 965-1748
Listed By:
Bret Osterberg · License #01364530
Source:
Crexi
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 7:16PM
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 flex space property includes approximately 22,000 square feet within an approximately 42,523-square-foot lot. The industrial facility has undergone extensive renovations, including an improved office buildout and upgraded building systems. A secured yard area adds functional outdoor space for operations and site control. The property is zoned ML and supports manufacturing, distribution, and storage uses identified in the marketing information.
Located in Compton, California, the facility is positioned near the 105 and 110 freeways, providing access to regional transportation routes and logistics corridors across Los Angeles County. The improvements combine industrial operating space, office components, and secured yard functionality in a single asset.
Located in Compton, California, the facility is positioned near the 105 and 110 freeways, providing access to regional transportation routes and logistics corridors across Los Angeles County. The improvements combine industrial operating space, office components, and secured yard functionality in a single asset.
Key Highlights
- Approximately 22,000 square feet of industrial space
- Approximately 42,523‑square‑foot lot
- Extensively renovated facility with improved office buildout
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
$286,263
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
5.78%
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%
$5,725,260
$5.7M
Cap Rate 7%
$4,089,471
$4.1M
Cap Rate 9%
$3,180,700
$3.2M
Market Conditions
NOI Build-Up for 22,000 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
$353.8K $16.08/SF
− Vacancy
−$17.0K −$0.77/SF
EGI
$336.8K $15.31/SF
− OpEx
−$50.5K −$2.30/SF
NOI
$286.3K $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%
$5,725,260
Cap Rate 7%
$4,089,471
Cap Rate 9%
$3,180,700
Alternative Uses
Best Use
Warehouse
$4.09M
$3.58M – $4.77M
NOI $286,263 @ 7.0% cap · market cap 5.78%
Second Best
Industrial
$3.67M
$3.21M – $4.28M
NOI $257,094 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$11.78M
$10.31M – $13.74M
NOI $824,510 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90222, CA
32,397
Population
8,874
Households
3.7
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
2.7 sq mi
ZIP Area
11,999
Density / Sq Mi
$76,467
Median Household Income
$35,102
Median Earnings
$1,485
Median Rent
$552,000
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 - Industrial property with upgraded offices, building systems, and a secured yard for manufacturing, distribution, or storage operations.
Where is this flex space located?
The property is located at 2728 N Slater Ave Compton, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approximately 22,000 square feet of industrial space; Approximately 42,523‑square‑foot lot; Extensively renovated facility with improved office buildout
