Investment Overview

This sale offers the opportunity to purchase a new-construction industrial property with a large yard in a port-adjacent location. The property is to be delivered vacant at the close of escrow. Attractive SBA loans are available to qualified buyers. The subject property, located at 2021 West Gaylord Street, consists of a single parcel for a total of 9,740 square feet of land. The property has been improved with a new-construction industrial building that has 4,000 square feet of rentable building area and a large, secured parking and outdoor storage area. The building is of wood-stucco construction and has a clear height of 9’-13’. The floor plan is currently configured as approximately 50% office space and 50% lab/manufacturing space. For users who would prefer more a more open layout, removal of non-load bearing walls is possible. The building project is approximately 80% completed and will need work before it can be used: Electrical panel, flooring, restrooms, door hardware, windows, and more need to be completed. The property is currently hooked up to a temporary power pole and its electrical system is functional. However, before an occupancy permit is issued, the permanent electrical meter must be installed. The current owners have spent over $1.5M on the improvements alone, including multiple air conditioning systems that have been wired and ducted (AC units simply need to be placed on the roof and hooked up), backup-generator wiring, key-card entry to the building, security camera wiring, concrete paving, iron fencing, and much more. This property is a must see for those willing to complete the project. Situated on Gaylord Street, west of Santa Fe Avenue, the site is in a port-adjacent location that is only 1.5 miles to Pier C. The property is adjacent to the 710 freeway and is less than 1 mile from a freeway access point. Zoning on the site is LBIG, which is an industrial zoning designation that permits for numerous industrial uses. The site has dimensions of 75’ wide by 130’ deep. For buyers who are willing to complete the project, 2021 West Gaylord Street offers tremendous value. The property offers numerous high-end improvements that a buyer is getting for a fraction of the cost to construct. The site has attributes that provide for functionality and attractive underlying value, and is suitable for owner/users and investors alike.