For Sale
$4,250,000
8515 La Cienega BlvdInglewood, CA 90301
High-Cap Rate Warehouse, Inglewood, CA
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 121
Highlights
- 12,400 SF warehouse on a 22,240 SF lot, zoned MU-2A in Inglewood, CA.
- Leased to State Van Rental under a NNN lease at $14,688/month with 3.5 years remaining and a 2.5% annual increase.
- Current rent is $1.15/SF, market rent is $1.75/SF, resulting in a 6.1% market capitalization rate.
- Excellent location off the 405 freeway, south of Manchester Boulevard, with 24 parking spaces.
- Asking price: $4,250,000, representing a 4.15% cap rate and a pro-forma cap rate of 6.21%.
Property Details for 8515 La Cienega Blvd
- Property type
- Warehouses, Industrial properties
- Square Feet
- 12,400 SF
- Year Built
- 1958
Location Insight
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Latitude
- 33.9602715
- Longitude
- -118.3705422
8515 La Cienega Blvd, Inglewood, California
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FAQs
- What type of property is this?
- Warehouse - High-Cap Rate Warehouse, Inglewood, CA
- Where is the warehouse located?
- The property is located at 8515 La Cienega Blvd Inglewood, CA.
- What is the asking price?
- The asking price for this property is $4,250,000.
- What are key features of this property?
- This property features: 12,400 SF warehouse on a 22,240 SF lot, zoned MU-2A in Inglewood, CA.; Leased to State Van Rental under a NNN lease at $14,688/month with 3.5 years remaining and a 2.5% annual increase.; Current rent is $1.15/SF, market rent is $1.75/SF, resulting in a 6.1% market capitalization rate.
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