11911 Woodruff Ave Downey, CA 90241-5601

This exceptional redevelopment opportunity presents a 14,000-square-foot industrial building situated on a 2.23-acre lot in Downey, CA. The single-story, Class C building, constructed in 1965, features 7 loading docks, 7 dock-high doors, and an 18-foot ceiling height. Currently 100% occupied with a lease expiring January 1, 2024, generating significant rental income, this property offers a compelling investment with a 3.00% cap rate. The expansive 2.23-acre lot includes a large, paved concrete yard (approximately 1100 x 50 ft), ideal for various uses such as contractor yards, storage, assembly, or distribution. The property boasts 20 parking spaces and is fully fenced and gated, enhancing security. Located in Los Angeles County, with zoning designated as M2, this property benefits from convenient access to major freeways (5, 605, 105, 710) and proximity to commercial districts in Commerce, Norwalk, Pico Rivera, Huntington Park, and Downtown Los Angeles. The seller will consider a long-term escrow, subject to terms. This is a fee-simple ownership with a gross lease in place. The property's address is 11911 Woodruff Ave, Downey, CA 90241, and the APN is 6284-024-029. This is a rare chance to acquire a well-located industrial property with significant redevelopment potential.