Commerce Light Manufacturing
1026 S Gerhart Ave, Commerce, CA 90022
Call to check price and availability
Freestanding industrial building in Commerce, CA, suitable for manufacturing.
Type:Industrial
Property size:
4,075 SFLot size:
0.11 AcresPrice / SF:
$294/SF- Added:
- Sep 17, 2024
- Days on Market:
- 624
- Last Refresh:
- May 12 at 9:31 pm
Property Features for 1026 S Gerhart Ave
General Information
- Standard status
- Active
- Size
- 4,075 SF
- Lot size
- 0.11 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1950
Listing agent David Weinberger License #DRE 01349349
Listing office KW Commercial (747) 216-9199
Listing date Sep 17, 2024
Source Crexi
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 KW Commercial
HighLights
- Vacant Possession: Delivered 100% vacant, ideal for owner‑users or investors.
- Prime Location in Commerce, CA, with proximity to Los Angeles and Long Beach ports and the Alameda Corridor.
- Zoned M (Light Manufacturing) offering flexibility for various industrial uses.
- Freestanding Building: Single‑tenant industrial property.
- Flexible room layouts suitable for light manufacturing, distribution, e‑commerce, storage, or production.
- Available for immediate occupancy.
Overview
Located in Commerce, California, the property at 1026 S. Gerhart Avenue is available for sale or lease, presenting an opportunity for businesses seeking a light industrial manufacturing warehouse. Constructed in 1950, this one-story, single-tenant, freestanding industrial property encompasses 4,075 square feet on a 5,009 square foot lot. The property is zoned M (Light Manufacturing), offering flexibility for various industrial or manufacturing operations. The property will be delivered 100% vacant, making it suitable for an owner-user or an investor. Situated in an industrial area, the location provides proximity to the Los Angeles and Long Beach ports and the Alameda Corridor freight expressway, offering logistical advantages. The property is in Vanilla Shell condition with flexible room layouts suitable for various professional or business purposes. It features an open, efficient workspace with owner improvements ready for occupancy. The zoning is suitable for industrial, warehouse, or light manufacturing use. Ideal users include light manufacturing, distribution, e-commerce, storage, or production operations. The property is being sold in "as is" "where is" condition with all faults, known and unknown, with absolutely no representations or warranties expressed or implied.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.3k | $18.96 |
| − Vacancy | −$4.9k | −$1.21 |
| EGI | $72.3k | $17.75 |
| − OpEx | −$10.8k | −$2.66 |
| NOI | $61.5k | $15.08 |
4,075 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$878.1K
$768.4K – $1.02M
NOI $61,470 @ 7.0% cap · market cap 5.12%
Second Best
Industrial
$723.2K
$632.8K – $843.7K
NOI $50,622 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,221 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Map
- City
- Commerce
- County
- Los Angeles
- State
- California
- Longitude
- -118.157
- Latitude
- 34.0246
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FAQs
What type of property is this?
Manufacturing property - Freestanding industrial building in Commerce, CA, suitable for manufacturing.
Where is this manufacturing property located?
The property is located at 1026 S Gerhart Ave Commerce, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Vacant Possession: Delivered 100% vacant, ideal for owner‑users or investors.; Prime Location in Commerce, CA, with proximity to Los Angeles and Long Beach ports and the Alameda Corridor.; Zoned M (Light Manufacturing) offering flexibility for various industrial uses.
