Multi-Tenant Cooler
For Sale
Contact for pricing
925 Hooper Ave, Los Angeles, CA 90021
Multi-tenant cooler facility offered with a ground lease through April 30, 2029.
Property Size45,476 SF
Price / SF$169.32
Days on Market106
Property Features for 925 Hooper Ave
General Information
Standard status
Active
Size
45,476 SF
Property subtype
LAND
Listing Agency:
Daum Commercial
(213) 626-9101
Listed By:
David Freitag · License #00855673
(213) 270-2235
Source:
Moodyscre
Added: Jul 9
Changed: Oct 2
Last Checked: Oct 20 at 10:13PM
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 Daum Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering centers on a multi-tenant cooler facility within a ground lease structure, with lease terms running through April 30, 2029. The property is presented with annual net income of $44,555.00 on an NNN basis, and it is positioned for either block-to-block development or continued ownership of the cooler facility.
The asset is described as being strategically located by the LA Produce Mart. Total property size is listed at 45,476 square feet, with the multi-tenant cooler facility identified as 21,340 square feet.
The current structure supports continued operation under the existing ground lease while providing an ownership pathway for development subject to the buyer’s intended use.
The asset is described as being strategically located by the LA Produce Mart. Total property size is listed at 45,476 square feet, with the multi-tenant cooler facility identified as 21,340 square feet.
The current structure supports continued operation under the existing ground lease while providing an ownership pathway for development subject to the buyer’s intended use.
Key Highlights
- Ground lease in place through April 30, 2029
- Annual net income of $44,555.00 (NNN)
- 21,340 SF multi‑tenant cooler facility included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$685,986
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,719,720
$13.7M
Cap Rate 7%
$9,799,800
$9.8M
Cap Rate 9%
$7,622,067
$7.6M
Market Conditions
NOI Build-Up for 45,476 SF
Gross rent
$862.2K $18.96/SF
− Vacancy
−$55.2K −$1.21/SF
EGI
$807.0K $17.75/SF
− OpEx
−$121.1K −$2.66/SF
NOI
$686.0K $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%
$13,719,720
Cap Rate 7%
$9,799,800
Cap Rate 9%
$7,622,067
Alternative Uses
Best Use
Warehouse
$9.80M
$8.57M – $11.43M
NOI $685,986 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$921.32M
$806.15M – $1,074.87M
NOI $64,492,152 @ 7.0% cap · market cap 837.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,925
Businesses Nearby
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Multi-tenant cooler facility offered with a ground lease through April 30, 2029.
Where is this refrigerated & cold storage located?
The property is located at 925 Hooper Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: Ground lease in place through April 30, 2029; Annual net income of $44,555.00 (NNN); 21,340 SF multi‑tenant cooler facility included
