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Single-Tenant Industrial

Industrial Leased Investment - Adjacent to LAX - Seasoned Tenants

519-523 Hindry Ave, Inglewood, CA 90301

Listing Price: $7,599,000

Cap Rate
4.24%
Gross SF
14,936
Price/Gross SF
$508.77
Lot Size
0.57 acres
Year Built
1946
Rentable SF
14,936

Investment Overview

This sale offers the opportunity to purchase two industrial properties in a prime location adjacent to Los Angeles International Airport. The properties are currently 100% occupied with seasoned tenants and offer a dependable investment with outstanding underlying value. The subject property, located at 519-523 South Hindry Avenue, consists of two parcels for a total of 24,612 square feet of land and a total of 14,936 square feet of rentable building area. 523 S Hindry Ave is currently used as an autobody repair facility. The site has been improved with a masonry warehouse that is approximately 7,174 square feet. The building contains two permitted spray booths, which are rare and difficult to establish. Auto body facilities are of high value and demand at this location due to, among other things, it’s proximity to the airport. The airport-adjacent area has an extensive demand for rental cars, parking and other auto-related services, creating an extremely strong market for auto body repair. The spray booths, large yard, secure corner location and proximity to the airport make this a high demand property. 519 S Hindry Ave has been improved with an industrial building that is approximately 7,762 square feet. The property offers good parking, secured yard area and a buildout of both warehouse and office space, creating a space that can be used by numerous different businesses. Situated on the northwest corner of Hindry Avenue and Hillcrest Blvd, the subject property is located in an airport-adjacent industrial pocket. The site is ¼ mile from the 405 Freeway, 1 ½ miles from Los Angeles International Airport and 1 block from the Los Angeles World Airports Intermodal Transportation Facility, “ITF-West”. ITF-West is a huge infrastructure project sitting on a 120+ acre site designed to be the new entrance to Los Angeles International Airport. The $5.5BB project, featuring a 4,300-stall parking structure, electric trains to the terminals, rental cars, valet parking, concession space and more, is expected to be delivered in 2023. 519-523 South Hindry Avenue offers the opportunity to purchase an asset in one of the strongest industrial markets in the country. The property has attributes that provide for functionality and offers a dependable investment with attractive long-term value.

Investment Highlights

  • Prime Inglewood Location – Two Properties
  • Less than 1 ½ Miles from LAX
  • Only 1 Block from New LAX Intermodal Transportation Facility
  • Currently 100% Occupied with Two Seasoned Tenants
  • Includes Autobody Facility with Permitted Spray Booths
  • Attractive Long-Term Value

Exclusively Listed By

Financing By

Single-Tenant Industrial

Industrial Leased Investment - Adjacent to LAX - Seasoned Tenants

Listing Price: $7,599,000

Cap Rate
4.24%
Gross SF
14,936
Price/Gross SF
$508.77
Lot Size
0.57 acres
Year Built
1946
Rentable SF
14,936

Investment Highlights

  • Prime Inglewood Location – Two Properties
  • Less than 1 ½ Miles from LAX
  • Only 1 Block from New LAX Intermodal Transportation Facility
  • Currently 100% Occupied with Two Seasoned Tenants
  • Includes Autobody Facility with Permitted Spray Booths
  • Attractive Long-Term Value

Investment Overview

This sale offers the opportunity to purchase two industrial properties in a prime location adjacent to Los Angeles International Airport. The properties are currently 100% occupied with seasoned tenants and offer a dependable investment with outstanding underlying value. The subject property, located at 519-523 South Hindry Avenue, consists of two parcels for a total of 24,612 square feet of land and a total of 14,936 square feet of rentable building area. 523 S Hindry Ave is currently used as an autobody repair facility. The site has been improved with a masonry warehouse that is approximately 7,174 square feet. The building contains two permitted spray booths, which are rare and difficult to establish. Auto body facilities are of high value and demand at this location due to, among other things, it’s proximity to the airport. The airport-adjacent area has an extensive demand for rental cars, parking and other auto-related services, creating an extremely strong market for auto body repair. The spray booths, large yard, secure corner location and proximity to the airport make this a high demand property. 519 S Hindry Ave has been improved with an industrial building that is approximately 7,762 square feet. The property offers good parking, secured yard area and a buildout of both warehouse and office space, creating a space that can be used by numerous different businesses. Situated on the northwest corner of Hindry Avenue and Hillcrest Blvd, the subject property is located in an airport-adjacent industrial pocket. The site is ¼ mile from the 405 Freeway, 1 ½ miles from Los Angeles International Airport and 1 block from the Los Angeles World Airports Intermodal Transportation Facility, “ITF-West”. ITF-West is a huge infrastructure project sitting on a 120+ acre site designed to be the new entrance to Los Angeles International Airport. The $5.5BB project, featuring a 4,300-stall parking structure, electric trains to the terminals, rental cars, valet parking, concession space and more, is expected to be delivered in 2023. 519-523 South Hindry Avenue offers the opportunity to purchase an asset in one of the strongest industrial markets in the country. The property has attributes that provide for functionality and offers a dependable investment with attractive long-term value.

Exclusively Listed By

Financing By

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