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Property profile

16201 Commerce Way Cerritos, CA 90703

Warehouses
Property ID
US10-0093282
View Sample
71,712 SF 3.15 ac lot Built 1974
Entity Owned 2-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 71,712-square-foot distribution center is available for lease in Cerritos, California. Located at 16201 Commerce Way, 90703, this single-tenant industrial property offers significant advantages for businesses seeking efficient warehouse and logistics operations in Los Angeles County. The building boasts a substantial 24-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by one loading dock and six dock-high doors, ensuring smooth and efficient material handling. Ample parking is available with 66 parking spaces for employees and visitors. The property features robust electrical power, with 1,200 Amps and 277/480 Volt service, capable of supporting demanding operational needs. The entire 71,712 square feet is currently vacant, presenting a unique opportunity for a single tenant to customize the space to their specific requirements. This prime location in Cerritos offers easy access to major transportation arteries, making it an ideal distribution hub for businesses serving the greater Los Angeles area. The property is situated in Los Angeles County. This is a rare opportunity to secure a large, modern distribution facility in a highly desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1974
Construction TILT-UP CONCRETE
Total area 71,712 SF
Lot 3.15 ac (137,014 SF)
Zoning code CEM
APN 7005-013-066
UPID US10-0093282

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2023
Last sale
$147.6M
7 recorded transactions
2023
$147.6M
2021
Price N/A
2019
Price N/A
2015
$144.8M
2007
$156.0M
1998
$282,500
1969
Price N/A

Zoning & alternative use

CEM · Cerritos, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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