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Single-Tenant Industrial

ABC Supply Company - Gardena, CA

521 W 182nd St, Gardena, CA 90248

Listing Price: $3,775,000

Cap Rate
3.74%
Gross SF
14,960
Price/Gross SF
$252.34
Lot Size
0.68 acres
Year Built
1966
Rentable SF
14,960

Investment Overview

Marcus & Millichap is pleased to exclusively represent 521 W 182nd Street, Gardena, CA, a 14,960 square foot two story industrial warehouse on 0.68 acres in Los Angeles County (Gardena/Harbor Freeway Submarket). Built in 1966, the building was previously occupied by G&F Roof Supply, a company acquired by ABC Supply Company, Inc. in 2018. At the time of the business acquisition in 2018, Landlord signed a five-year lease with ABC Supply Company, Inc. The five-year lease commenced in June 2018, now with 2.25 years remaining of the initial term with (2) five-year options. The lease provides an inflation hedge with 3% annual rent escalations. ABC Supply Company, Inc. reported over $12 Billion in revenue in 2019 and is one of the largest privately owned companies in the United States (S&P Rated: BB) ABC Supply Company, Inc. is the largest wholesale provider of roofing and siding products operating close to 800 locations in 49 states. Gardena is centrally located and holds the keys to the Los Angeles freeway system including four major freeways. The property is ideally located on West 182nd Street. Gardena/Harbor Freeway submarket with ease of access to Harbor (110) Freeway and Artesia (91) Freeway, San Diego (405) Freeway and the Century (105) Freeway. Gardena also provides travelers and commuters access to the Los Angeles International Airport (LAX), and both the Los Angeles and Long Beach Ports. The nearby area is a stable community serving commercial/industrial and residential district. It has experienced a constant 5.79% population growth within 5 miles since 2000 and maintains an affluent, Average Household Income of $86,010.

Investment Highlights

  • 5 Year Modified Gross Lease Signed in 2018 with 2.2 Years Remaining; (2) Five Year Options | Rare 3% Annual Rent Increases | High Probability of Renewal
  • Located on 182nd Street Within Gardena/Harbor Freeway Submarket, Less than a Quarter Mile From Interstate 110/Harbor Freeway (258,500 VPD) and CA-91/Artesia Freeway (197,000 VPD)
  • ABC Supply Company Inc. (S&P: BB) one of America's Largest Privately-Owned Companies | $12B Annual Revenue | 800 Locations Nationwide
  • Gardena Submarket Industrial Vacancy rate: 3.4% | Over 31.5 Million SF of Industrial Space is in the Los Angeles Market with 9.8 Million SF Newly Added

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    (213) 943-1850

    License(s) CA: 01172596

    California

Single-Tenant Industrial

ABC Supply Company - Gardena, CA

Listing Price: $3,775,000

Cap Rate
3.74%
Gross SF
14,960
Price/Gross SF
$252.34
Lot Size
0.68 acres
Year Built
1966
Rentable SF
14,960

Investment Highlights

  • 5 Year Modified Gross Lease Signed in 2018 with 2.2 Years Remaining; (2) Five Year Options | Rare 3% Annual Rent Increases | High Probability of Renewal
  • Located on 182nd Street Within Gardena/Harbor Freeway Submarket, Less than a Quarter Mile From Interstate 110/Harbor Freeway (258,500 VPD) and CA-91/Artesia Freeway (197,000 VPD)
  • ABC Supply Company Inc. (S&P: BB) one of America's Largest Privately-Owned Companies | $12B Annual Revenue | 800 Locations Nationwide
  • Gardena Submarket Industrial Vacancy rate: 3.4% | Over 31.5 Million SF of Industrial Space is in the Los Angeles Market with 9.8 Million SF Newly Added

Investment Overview

Marcus & Millichap is pleased to exclusively represent 521 W 182nd Street, Gardena, CA, a 14,960 square foot two story industrial warehouse on 0.68 acres in Los Angeles County (Gardena/Harbor Freeway Submarket). Built in 1966, the building was previously occupied by G&F Roof Supply, a company acquired by ABC Supply Company, Inc. in 2018. At the time of the business acquisition in 2018, Landlord signed a five-year lease with ABC Supply Company, Inc. The five-year lease commenced in June 2018, now with 2.25 years remaining of the initial term with (2) five-year options. The lease provides an inflation hedge with 3% annual rent escalations. ABC Supply Company, Inc. reported over $12 Billion in revenue in 2019 and is one of the largest privately owned companies in the United States (S&P Rated: BB) ABC Supply Company, Inc. is the largest wholesale provider of roofing and siding products operating close to 800 locations in 49 states. Gardena is centrally located and holds the keys to the Los Angeles freeway system including four major freeways. The property is ideally located on West 182nd Street. Gardena/Harbor Freeway submarket with ease of access to Harbor (110) Freeway and Artesia (91) Freeway, San Diego (405) Freeway and the Century (105) Freeway. Gardena also provides travelers and commuters access to the Los Angeles International Airport (LAX), and both the Los Angeles and Long Beach Ports. The nearby area is a stable community serving commercial/industrial and residential district. It has experienced a constant 5.79% population growth within 5 miles since 2000 and maintains an affluent, Average Household Income of $86,010.

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    (213) 943-1850

    License(s): CA: 01172596

    California

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