Investment Overview

Marcus & Millichap is pleased to exclusively market this rare opportunity to acquire a ~10,956 SF multi-tenant industrial property situated on ~19,823 SF of land at an attractive pricing baseline of approximately $208 per building square foot. Offered at $2,275,000, the asset currently delivers a 6.56% Cap Rate with an annualized Net Operating Income (NOI) of $149,277 ($17,041 per month). The site features strong physical fundamentals, including an approximate 1.81:1 land-to-building ratio and 55% site coverage. The income stream is supported by 8 existing building tenants alongside an additional, independent cell tower lease. Because the existing tenancy is predominantly month-to-month, an incoming investor gains immediate operational flexibility to adjust below-market rents, restructure lease terms, enhance the tenant mix, or potentially clear space for an owner-user layout. Built-in cash flow growth is secured by 3% annual contractual increases across applicable tenant leases and 4% annual increases on the cell tower revenue. From an investment perspective, the property presents a compelling value-add profile in a supply-constrained South Bay submarket. The combination of immediate income stability, compounding annual contractual escalations, and short-term lease roll provides significant runway for mark-to-market rental upside or repositioning. This makes the offering equally attractive to opportunistic investors seeking high yield and owner-users looking to control their real estate footprint. Positioned directly on Normandie Avenue, the property benefits from high-visibility street frontage and convenient access for service and industrial operations. It sits at the strategic convergence of Gardena, Torrance, and Harbor Gateway, placing it within one of Southern California’s premier industrial submarkets. The surrounding trade area features a dense concentration of aerospace, defense, advanced manufacturing, electronics, and distribution companies. Logistical accessibility is a core strength of the location, offering immediate arterial connections to the I-405, I-110, SR-91, and I-105 freeways. Furthermore, the property is strategically positioned within short transit distance to major regional transportation hubs, including Los Angeles International Airport (LAX), the Port of Los Angeles, and the Port of Long Beach.