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15401 South Figueroa Street

Dave Maron Facilitates $10.2M Industrial Sale In Gardena For Seller Rexford Industrial
SOLDIndustrial

Dave Maron Facilitates $10.2M Industrial Sale In Gardena For Seller Rexford Industrial

15401 South Figueroa Street

$10,225,000

$265/SF

Building Size

38,584 SF

Asset Type

Industrial

Closing

May 14, 2024

AI

The industrial warehouse located at 15401 South Figueroa Street in Gardena, California, was sold for $10,225,000. This 38,584 square foot property is strategically situated with easy access to major freeways such as the 405, 91, and 105, making it a prime location for businesses. The warehouse features well-designed office spaces and upgraded HVAC systems to ensure comfort and productivity.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,225,000
  • Market: Gardena
  • Seller: Howard Schwimmer - Rexford Industrial Realty

NAI Capital Commercial's EVP Dave Maron from NAI Capital represented the seller, Rexford Industrial Realty, in the sale of the industrial warehouse. The property's strategic location within the South Bay industrial hub was emphasized, noting the high demand from owner/users for quality industrial real estate due to the scarcity of such properties in the submarket.

Players

Dave Maron

NAI Global

Broker

$30.8M

vol

4 deals

Broker

Gardena Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93