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13420 S. Normandie Avenue
Gardena, CA 90249

Price: $6,425,000 Zoning: GAM1*
Bldg SF: 20,698 SF Price/SF: $310
Land SF: 39,730 SF Occupancy: Vacant
Year Built:  1968 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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Lauren Sackler
(818) 212-2733
lauren.sackler@marcusmillichap.com
License # 02082395

Price: $6,425,000
Bldg SF: 20,698 SF
Land SF: 39,730 SF
Year Built: 1968
Price/SF: $310
Occupancy:  Vacant
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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Lauren Sackler
(818) 212-2733
lauren.sackler@marcusmillichap.com
License # 02082395

Investment Highlights

Excellent Centralized Gardena Location

 

  • Approximately 6 miles from LAX
  • 12 miles from the Ports of Los Angeles and Long Beach
  • Less than one mile from the 105 and 110 Freeways
  • Four miles from the 405 freeway
  • Seven miles from the 710 Freeway

 

Surrounded by Industry

 

  • The property is located is located approximately two miles from SpaceX
  • Two and a half miles from the new Ring (Amazon subsidiary) headquarters
  • Two and a half miles from Tesla
  • Five miles from Honeywell Aerospace
  • Six miles from the Raytheon
  • Six and a half miles from Boeing
  • One mile from Nissin

 

Ideal Owner-User or Value Add Opportunity

 

  • Flexibility in purchase options would allow a buyer to purchase one or two industrial warehouses
  • The buildings are each demised into two equal sized units which are separately metered, making it an ideal opportunity for an owner-user looking to occupy between 5,000-20,698 square feet
  • Divisibility adds value to an investor looking to stabilize the property

 

Excellent Fundamentals

 

  • Each building has 13’ clear height and two ground level loading doors
  • Each building contains newly constructed ADA compliant restrooms
  • Over 266’ of frontage on Normandie Avenue, which sees north of 18,900 vehicles per day
  • Approximately 235’ of frontage on 134th Street
  • Both buildings feature heavy power, 13406-13408 S Normandie Avenue has 700 amps of power, and 13420-13422 S Normandie Avenue has 1,000 amps of power

 

Strong Demographics

 

  • There are over 29,100 people located within one mile of the property, 297,400 people located within three miles of the property, and 811,700 people located within five miles of the property
  • There are over 8,900 households located within one mile of the property, 91,700 households within three miles, and 234,600 households within five miles
  • Average household income within one mile of the property exceeds $74,000, $74,400 within three miles, and $76,000 within five miles

 

Surrounded by Development Projects

 

  • 2129 Rosecrans Avenue also known as Rosecrans Place, is located less than two miles from 13420-13422 South Normandie Avenue. G3 Urban is developing 113 townhomes within a gated community
  • One Seven Eight, also known as 1515 W. 178th Street, is a 114-townhome construction project located three miles from 13406-13422 S. Normandie Avenue
  • 13420-13422 South Normandie Avenue is located two miles from a proposed project at 12850-12900 S Crenshaw Boulevard. The proposed project would feature an eight-story building with 265 apartment units above parking for 250 vehicles
  • There is a massive construction project located in Wilmington, the $70.8-million Wilmington Waterfront Promenade. The project broke ground in 2020 and is projected for completion in 2023, and will become a nine-acre park for residents. There will be a walkway constructed along the harbor, as well as a public pier and dock, a playground, parking, and restrooms