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5/15/24
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A 38.6k sf, industrial warehouse in Gardena traded for $10.225 mil, or $265/sf. The asset was sold by Rexford Industrial Realty.
Located at 15401 S Figueroa St, the standalone warehouse sits on 70.4k sf of prime land in the South Bay industrial submarket. With strategic proximity to the 405, 91, and 105 freeways, it ensures exceptional accessibility, making it an ideal choice for businesses, including as a potential corporate headquarters. The office area is thoughtfully designed to accommodate diverse work requirements. It includes four private offices, an open bullpen area, a break room, and a conference room, all enhanced by an upgraded HVAC system for optimal comfort and productivity.
Dave Maron with NAI Capital Commercial represented the seller in the transaction. The buyer was an unnamed investment LLC.
“This was an attractive building which will serve the owner well in this central South Bay industrial hub. The scarcity of industrial buildings in this submarket combined with the property’s location, made this unique asset very desirable,” commented Maron. “We continue to see tremendous interest from owner/users for quality industrial real estate.”
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