16605 Norwalk Blvd, Cerritos, CA, 90703

Highlights

• Free Standing Building
• Corner Location
• 9,176 Sq Ft Structure
• 23,087 SF Lot
• One (1) Grade Level Doors (2nd Possible)
• Electrical Service: 400 Amps of 120/208 Volt (verify)
• 15-16’ Ceiling Clearance
• Private Fenced Yard (Concrete)
• 900 +/- SF Bonus Mezzanine Storage

Description

Lee & Associates is pleased to present this desirable and irreplaceable single-tenant industrial property in Cerritos, CA. The 9,176 SqFt property features a strong local tenant who has occupied the property since 2007. The subject property currently presents an investor with stable cash flows and hands-off management. The Property is currently, 100% leased, with 2+ years remaining on the existing lease term. Land and construction costs make development of these types of properties extremely difficult, and therefore these smaller industrial buildings with fenced yards maintain high demand from The market from both investors and owner users. There is potential to sell this property to an owner user buyer in 2 years, providing opportunity for upside potential long term. With the current building features, coupled with its strategic location in this desirable Southern California marketplace boasts strong fundamentals, the Subject Property offers an investor Immediate and long-term value and stability. In addition, the convenient freeway access and nearby retail and dinning amenities, it is well positioned to attract future tenants, businesses and employees for the long term, if the existing tenant were ever to vacate.

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