Susana Center
Click Here for Offering Memorandum
The NNN Properties Group and WCB Commercial Real Estate, as exclusive co-advisors, are pleased to present for sale fee simple interest in an rare urban-infill, multi-tenant commercial investment property located on the border of the densely populated and rapidly developing Long Beach and Carson submarkets of the Los Angeles, California Metropolitan Statistical Area (the “Offering”).
Strategically positioned with excellent exposure and access on the southwest corner of the heavily trafficked signalized intersection of Susana Road and Del Amo Boulevard (combined traffic counts in excess of 73,200 cars per day), the Offering is located in unincorporated Los Angeles County along the Alameda Corridor, a highly concentrated industrial property market on the border of Carson and Long Beach, and the South Bay’s primary rail and trucking access route from the Port of Los Angeles, the nation’s premier gateway for international commerce and the busiest seaport in the Western Hemisphere. The Offering is within close proximity to major Los Angeles freeways, including the 710, 91, 405, and 105; the Del Amo Blue Line station; the Ports of Long Beach and Los Angeles; and the Los Angeles International and Long Beach Airports. The Offering benefits from strong synergy with existing retail and industrial tenants located at the South Susana Rd./Del Amo Blvd. intersection, including Smart & Final (corporate lease running through 2031), the AltaFoodCraft and Bavco Inc. corporate headquarters, Komatsu Forklift, SoCal Fleet Services, and the 1,600-unit 710/Del Amo Self Storage Facility.
Built in 1978 and situated on a large, ±1.12-Acre lot featuring a 4.01/1,000 SF parking ratio, the Offering was originally constructed as a ±14,099 square foot retail and industrial flex facility, featuring 17 foot high ceiling clearance, groundlevel roll up doors, separately metered utilities, and individual HVAC units. The Offering consists of ten commercial units ranging between ±1,200 and ±2,099 rentable square feet; the Offering benefits from a very low historical vacancy rate, and is currently 100% occupied on predominantly passive triple net (“NNN”) leases — several of which are long-term tenants paying below market rents. The Offering also features additional rental income generated from a billboard sign and cell tower situated directly on the premises.
The Offering provides investors a unique opportunity to acquire a strategically located, urban-infill investment property suitable for both industrial and retail tenants that generates a strong cash-on-cash return in the Alameda Corridor, one of the premier industrial submarkets in Los Angeles County featuring premier population density, daytime employment figures and commuter traffic.
