1
1

1411 W. 178th Street
Gardena, CA 90248

Price: $13,330,000 Zoning: M2
Bldg SF: 78,542 SF Price/SF: $170
Land SF: 121,532 SF CAP Rate: 4.75%
Property Type: Industrial Rent/SF: $0.66
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Price: $13,330,000
Bldg SF: 78,542 SF
Land SF: 121,532 SF
Year Built: 1958 (Renovated in 2003)
CAP Rate: 4.75%
Price/SF: $170
Tenant: Gamma Aerospace
Property Type: Industrial
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

SINGLE TENANT INDUSTRIAL BUILDING IN SOUTHERN CALIFORNIA’S PREMIER INDUSTRIAL SUB-MARKET AVAILABLE FOR SALE AT A BELOW MARKET PRICE PER SF

 

  • 78,542 square foot single tenant industrial building

  • 2.79 acres of land zoned M2

  • 10 year NNN lease with two percent annual rental increases Below market rent of $0.66 per SF

  • Available for sale at $170 per square foot which is priced well below all most recent sales comparables

  • Priced significantly below replacement costs

 

STRONG TENANT CREATES A UNIQUE OPPORTUNITY WITH MINIMAL DOWNSIDE AND SIGNIFICANT UPSIDE

 

  • The property is home to Gamma Aerospace, a nationally recognized leader in aerospace manufacturing

  • Gamma Aerospace creates and assembles key components for the world’s most prestigious aircraft companies including Boeing, Lockheed Martin, Bell Helicopter, Triumph Group, Spirit AeroSystems, Arconic, Northrop Grumman, and L3 Technologies

  • Gamma Aerospace recently finalized a purchase of German Machine Products, the former tenant at this location

  • Consolidated revenue projections are north of $50,000,000

 

FULLY EQUIPPED INDUSTRIAL BUILDING IN A THRIVING SOUTH BAY LOCATION

 

  • Concrete Tilt Up Construction

  • 3,700 SF of office space

  • Clear heights of 21.5’ – 27.5’

  • Eleven dock high and one ground level loading doors

  • Fire sprinklers

  • 2,000 amp power

SOUTHERN CALIFORNIA’S STRONGEST INDUSTRIAL SUB-MARKET AND ONE OF THE STRONGEST INDUSTRIAL SUB-MARKETS NATIONALLY

 

  • Nationally recognized industrial hub within close proximity to the Ports of Los Angeles, Long Beach, and LAX

  • Home to several major office and industrial campuses occupied by some of the world’s leading aerospace and research and manufacturing companies

  • The South Bay is the premier market for distribution companies and cargo-centered sea-and-air industrial users. It is nearly fully developed, making land incredibly scarce

  • Tight market conditions and an overall vacancy rate of 0.7%

  • Rents increased $0.03 per square foot triple net to an average of $1.03 per square foot, their highest point ever

  • Average asking rents in the South Bay remain the highest in all of Southern California, yet still have room to rise

  • Net absorption posted a strong 782,400 square feet of positive net absorption, leading to a significant drop in the vacancy rate