Building Details

Building Size 129,269 SF

Listing Agency: Lee & Associates

Listed By: Jim Halferty · License #CalDRE #01212024 Show Phone

Source: Lee-associates

Added: Nov 26, 2025 Changed: Oct 6 Last Checked: Oct 5 at 5:00PM

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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 warehouse property, located in Vernon, California, offers a total area of 129,269 square feet. It features 16 dock-high positions along a 150-foot exterior dock. The interior provides clearances ranging from 14 to 16 feet. The property includes a large, secured yard and heavy power, supplied by two panels providing 2,500 amps. The building incorporates a sawtooth roof design, allowing for ample natural light. Approximately 9,165 square feet of the space is dedicated to attractive, air-conditioned office space. The property's location in the City of Vernon is strategic, and the large parcel presents potential for future development.

Key Highlights

• 150’ Exterior Dock with 16 Dock High Positions
• Rare Large Parcel for Potential Development
• Heavy Power - 2 Panels; 2,500 Amps

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,949,968

Cap Rate

8.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$38,999,360 $39.0M

Cap Rate 7%

$27,856,686 $27.9M

Cap Rate 9%

$21,666,311 $21.7M

Market Conditions

NOI Build-Up for 129,269 SF

Gross rent

$2.45M $18.96/SF

− Vacancy

−$156.9K −$1.21/SF

EGI

$2.29M $17.75/SF

− OpEx

−$344.1K −$2.66/SF

NOI

$1.95M $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 Rate 5%

$38,999,360

Cap Rate 7%

$27,856,686

Cap Rate 9%

$21,666,311

Alternative Uses

Best Use

Warehouse

$27.86M

$24.37M – $32.50M (±1% cap)

NOI $1,949,968 @ 7.0% cap · market cap 8.16%

Second Best

Industrial

$22.94M

$20.07M – $26.76M (±1% cap)

NOI $1,605,856 @ 7.0% cap · market cap 6.72%

Theoretical Best

Multifamily LT 5

$2,618.91M

$2,291.55M – $3,055.40M (±1% cap)

NOI $183,323,863 @ 7.0% cap · market cap 767.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

908

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

Market

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Large warehouse with secured yard in Vernon, California.

Where is this warehouse located?

The property is located at 5008 S Boyle Ave Los Angeles, CA.

What is the asking price?

The asking price for this property is $23,900,000.

What are key features of this property?

This property features: 150’ Exterior Dock with 16 Dock High Positions; Rare Large Parcel for Potential Development; Heavy Power - 2 Panels; 2,500 Amps