1402 West 178th Street

Industrial Warehouse/Manufacturing | Sale- Leaseback

1402 West 178th Street
Gardena, CA 90248

Floyd Group is pleased to present 1402 W 178th St, an 8,800 square foot building, strategically positioned within Gardena’s industrial hub. Situated on a .39-acre (16,991 square foot) parcel of land, this property is currently utilized as a warehouse, showroom, and the west coast office for a multi-state dry foods company based out of Hawaii. The property is being sold as a sale-leaseback, full triple net lease (NNN), lease will be a 3-year term with a 3-year option that will be fully executed prior to the close of escrow. The tenant will provide financials. This property is an excellent opportunity for a passive investor to acquire industrial property with no landlord responsibilities in the highly sought after industrial backbone of the South Bay. The property has two HVAC units, ample secured parking, and high ceilings ranging from 18 to 20 feet. Within the industrial section of the property, you’ll find a spacious production area, a roll-up door, heavy power capacity for future manufacturing, and mezzanine space. Additionally, there’s a generous allocation of office space that includes a conference room, a kitchen break room, restrooms, showroom space, and executive offices.

Within a bustling thoroughfare, 1402 W 178 St is at the signalized corner of S Normandie Ave and W 178 St. Zoned as M-1, this property finds itself inside one of the most robust industrial markets in the nation. Gardena is a quaint and scenic city in the South Bay region, approximately 10 miles south of downtown Los Angeles. The region has consistently been a popular home for business owners looking to benefit from its proximity to the ports of Los Angeles, Long Beach, Downtown L.A., Orange County, and the Southern California freeway network. The area’s central location has made it a hotspot in the logistics-driven market, driving local industrial rents up 33.9% over the past three years. Ideally located with easy access to the 110, 405, and 91 Freeways.

Property Highlights

  • Price - $3,100,000
  • Building - 8,800 SF
  • Lot - 16,991 SF
  • 18-20 FT Ceilings
  • 4.64% Cap Rate
  • Zoned - M-1
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