Freestanding Flex Space with Secured
New
For Sale
Contact for pricing
6310 Corsair St, Commerce, CA 90040
Industrial building combines office and showroom space with a fenced yard and direct freeway access.
Property Size36,688 SF
Price / SF$255
Days on Market4
Property Features for 6310 Corsair St
General Information
Standard status
Active
Size
36,688 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Office Build-Out
2,900 SF
Dock-High Doors
3
Drive-In Doors
1
Power
200 amps
Sprinkler System
Yes
Listing Agency:
Newmark - Los Angeles - South Bay
(310) 491-2000
Listed By:
Jeff Sanita · License #01242202
(310) 491-2003
Source:
Moodyscre
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 1:54PM
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 Newmark - Los Angeles - South Bay
Investment Insights
Based on property information with market context.
This 36,688-square-foot freestanding flex property includes 2,900 square feet of office and showroom area, along with warehouse space suited to commercial operations. Building features include three dock-high doors, one grade-level door accessed by ramp, 200-amp electrical service, and a fully sprinklered system. The property also includes a fenced and secured yard.
Positioned on a cul-de-sac, the site offers immediate access to the 5 Freeway. The combination of office, showroom, warehouse, secured outdoor area, loading doors, and freeway connectivity supports a range of flex-space requirements.
Positioned on a cul-de-sac, the site offers immediate access to the 5 Freeway. The combination of office, showroom, warehouse, secured outdoor area, loading doors, and freeway connectivity supports a range of flex-space requirements.
Key Highlights
- 36,688‑square‑foot freestanding flex building
- 2,900 SF of office and large showroom space
- 3 dock‑high doors and 1 grade‑level door via ramp
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
$477,382
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
5.10%
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%
$9,547,640
$9.5M
Cap Rate 7%
$6,819,743
$6.8M
Cap Rate 9%
$5,304,244
$5.3M
Market Conditions
NOI Build-Up for 36,688 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
$589.9K $16.08/SF
− Vacancy
−$28.3K −$0.77/SF
EGI
$561.6K $15.31/SF
− OpEx
−$84.2K −$2.30/SF
NOI
$477.4K $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%
$9,547,640
Cap Rate 7%
$6,819,743
Cap Rate 9%
$5,304,244
Alternative Uses
Best Use
Warehouse
$6.82M
$5.97M – $7.96M
NOI $477,382 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$6.12M
$5.36M – $7.15M
NOI $428,739 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$19.64M
$17.19M – $22.92M
NOI $1,374,983 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Well-served
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?
Flex space - Industrial building combines office and showroom space with a fenced yard and direct freeway access.
Where is this flex space located?
The property is located at 6310 Corsair St Commerce, CA.
What is the asking price?
The asking price for this property is $9,355,440.
What are key features of this property?
This property features: 36,688‑square‑foot freestanding flex building; 2,900 SF of office and large showroom space; 3 dock‑high doors and 1 grade‑level door via ramp
