Distribution and Warehouse
For Sale
$17,000,000
6414 Gayhart, Commerce, CA 90040
Functional distribution and warehouse property with dock-high loading, office space, and upgraded secured truck circulation.
Property Size68,679 SF
Days on Market53
Property Features for 6414 Gayhart
General Information
Standard status
Active
Size
68,679 SF
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Amenities
wrought iron fencing
automatic gate operators
enhanced security
Building Details
Building Size
68,679 SF
Year Built
1956
Listing Agency:
A-Z REALTY & INVESTMENT CORP
Listed By:
DONGYAN ZHENG · License #01714735
(310) 897-1393
Source:
Elliman
Added: Jul 25
Changed: Sep 10
Last Checked: Sep 14 at 7:51AM
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 A-Z REALTY & INVESTMENT CORP
Investment Insights
Based on property information with market context.
The property is a functional distribution and warehouse facility featuring extensive dock-high loading and substantial office space. Recent capital improvements include completely repaved parking areas, reinforced concrete upgrades to designated container parking areas for heavy truck and container loads, and widened driveways to support efficient ingress and egress. The site has been further enhanced with upgraded wrought iron fencing and automatic gate operators at all three entrances to strengthen security and improve property appearance. Power supply is listed as 1200 AM.
Located at 6414 Gayhart St in Commerce, CA, the facility also includes dedicated truck parking designed to support distribution operations.
Located at 6414 Gayhart St in Commerce, CA, the facility also includes dedicated truck parking designed to support distribution operations.
Key Highlights
- Distribution and warehouse facility with extensive dock‑high loading and substantial office space
- Parking areas completely repaved and driveways widened to improve truck circulation and ingress/egress
- Designated container parking upgraded with reinforced concrete paving for heavy truck and container loads
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
$893,647
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
5.26%
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%
$17,872,940
$17.9M
Cap Rate 7%
$12,766,386
$12.8M
Cap Rate 9%
$9,929,411
$9.9M
Market Conditions
NOI Build-Up for 68,679 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
$1.10M $16.08/SF
− Vacancy
−$53.0K −$0.77/SF
EGI
$1.05M $15.31/SF
− OpEx
−$157.7K −$2.30/SF
NOI
$893.6K $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%
$17,872,940
Cap Rate 7%
$12,766,386
Cap Rate 9%
$9,929,411
Alternative Uses
Best Use
Warehouse
$12.77M
$11.17M – $14.89M
NOI $893,647 @ 7.0% cap · market cap 5.26%
Second Best
Industrial
$11.47M
$10.03M – $13.38M
NOI $802,588 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$36.77M
$32.17M – $42.90M
NOI $2,573,933 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Distribution center - Functional distribution and warehouse property with dock-high loading, office space, and upgraded secured truck circulation.
Where is this distribution center located?
The property is located at 6414 Gayhart Commerce, CA.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: Distribution and warehouse facility with extensive dock‑high loading and substantial office space; Parking areas completely repaved and driveways widened to improve truck circulation and ingress/egress; Designated container parking upgraded with reinforced concrete paving for heavy truck and container loads
