Single-Tenant Industrial

13103 S Broadway

13103 S Broadway, Los Angeles, CA 90061

Listing Price: $1,500,000

Cap Rate
8.19%
Gross SF
5,586
Price/Gross SF
$268.53
Lot Size
0.18 acres
Year Built
1961
Rentable SF
11,172

Investment Overview

Marcus & Millichap is pleased to present this Exclusive Offering for the sale of 13103 South Broadway, a single-tenant building of approximately 5,586 square feet in the City of Los Angeles, California. The building is situated on approximately 8,050 square feet of industrial zoned land. The subject property was built in 1961 of concrete block construction. This facility has historically enjoyed a very high occupancy level and is currently 100 percent occupied. The interior build-out has been reconfigured to meet the tenants operational requirements.

The property is currently leased to LA Hydro, a cannabis cultivation company that has committed to a long-term lease of five years. Under the terms of the lease, the Landlord is only responsible for the property taxes and insurance, which makes the tenant solely responsible for the maintenance of the building including the roof, structure, parking, mechanical systems and utilities.

The sale represents a rare opportunity for an investor to acquire a 100 percent occupied single-tenant investment with a growth oriented tenant in the cannabis industry. The State of California has the largest cannabis economy in the world, supported by the state government and populous. LA Hydro currently cultivates and distributes cannabis for their two legal dispensaries in Southern California.

The property is located in a highly desirable area on the southwest corner of South Broadway and West 131st Street, with nearly 200 of combined frontage. It is approximately one-half mile east of the 110 freeway and roughly one mile south of the 110-105 freeway interchange. The property resides within the 90061 zip code where industrial vacancy rates are at an all-time low of 2.9 percent.

Investment Highlights

  • Three Percent Rental Increases Annually
  • Lessor Only Responsible for Property Tax and Insurance
  • Hard Corner Location with Substantial Frontage
  • Rare Single-Tenant Industrial Investment Opportunity
  • Attractive Year One Cap Rate of 7.93 Percent
  • Brand New Five-Year Personally Guaranteed Lease

Exclusively Listed By

Single-Tenant Industrial

13103 S Broadway

Listing Price: $1,500,000

Cap Rate
8.19%
Gross SF
5,586
Price/Gross SF
$268.53
Lot Size
0.18 acres
Year Built
1961
Rentable SF
11,172

Investment Highlights

  • Three Percent Rental Increases Annually
  • Lessor Only Responsible for Property Tax and Insurance
  • Hard Corner Location with Substantial Frontage
  • Rare Single-Tenant Industrial Investment Opportunity
  • Attractive Year One Cap Rate of 7.93 Percent
  • Brand New Five-Year Personally Guaranteed Lease

Investment Overview

Marcus & Millichap is pleased to present this Exclusive Offering for the sale of 13103 South Broadway, a single-tenant building of approximately 5,586 square feet in the City of Los Angeles, California. The building is situated on approximately 8,050 square feet of industrial zoned land. The subject property was built in 1961 of concrete block construction. This facility has historically enjoyed a very high occupancy level and is currently 100 percent occupied. The interior build-out has been reconfigured to meet the tenants operational requirements.

The property is currently leased to LA Hydro, a cannabis cultivation company that has committed to a long-term lease of five years. Under the terms of the lease, the Landlord is only responsible for the property taxes and insurance, which makes the tenant solely responsible for the maintenance of the building including the roof, structure, parking, mechanical systems and utilities.

The sale represents a rare opportunity for an investor to acquire a 100 percent occupied single-tenant investment with a growth oriented tenant in the cannabis industry. The State of California has the largest cannabis economy in the world, supported by the state government and populous. LA Hydro currently cultivates and distributes cannabis for their two legal dispensaries in Southern California.

The property is located in a highly desirable area on the southwest corner of South Broadway and West 131st Street, with nearly 200 of combined frontage. It is approximately one-half mile east of the 110 freeway and roughly one mile south of the 110-105 freeway interchange. The property resides within the 90061 zip code where industrial vacancy rates are at an all-time low of 2.9 percent.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower