Location: 115-123 E. Gardena Blvd Gardena, CA
Market: Gardena-Carson, CA Bldg
Size: 26,731 SF
Purchase Price: $5,650,000
Quest Capital Partners recently closed on an excellent value-add opportunity to invest in a Class-C multi-tenant industrial property in Gardena, CA. The property is located 115-123 E. Gardena Blvd. in Gardena, CA just east of the 110 Freeway and between the 105 and the 91 freeways and contains 26,731 SF of improvements in 3 buildings, situated on approximately 1.01 acres. This multi-tenant industrial park presented an incredible value-add opportunity with average rents at around $.85/SF industrial gross in a $1.45 – $1.65 market.
The property is well maintained and has a CUP for auto-related tenant use which is rare and fetches a higher rent per SF. Several tenants have auto-related uses including one space with a spray booth. All buildings have a clear height of 15-16’ and there are 10 ground-level roll-up doors configured to accommodate 7 tenants. The current owner of the property occupies unit 115-1A which is approximately 2,200 SF which will be vacated within 30 days after the close of escrow. The remaining 6 tenants have been in place for several years.
Situated on Gardena Boulevard, east of Main Street, the property is located in a desirable, central location with excellent freeway access. Many business owners choose to operate in the area due to its proximity to the ports of Los Angeles and Long Beach, LAX, Downtown LA, Orange County and the Southern California freeway network. Gardena is a central location that has gained popularity in a logistics-driven industrial market. The Gardena sub-market has a vacancy factor of less than 2% with limited options for auto-related space.
“Industrial real estate in Southern California has been strong for many years and has continued the upward trajectory with near double digit rent growth since COVID started. The Gardena market is well positioned to continue the trend given its central LA location and proximity to local ports and LAX. We are excited to get this one closed.”
—Ken Leon, Principal
Quest Capital is a boutique real estate investment firm focused on value-add investment property throughout the western region of the US. Visit quest-capital.com for more information on or email us at investments@quest-capital.com.