Six (6) Unit Small Bay Industrial Building 8058 Westman Ave 8,590 SF 100% Leased Industrial Building Whittier, CA 90606 $3,509,575 CAD ($408.57 CAD/SF)

Avison Young is pleased to present the opportunity to acquire 8058 Westman Avenue, a ±8,590 square foot small bay multitenant industrial building in the heart of Santa Fe Springs. The property comprises six individual units ranging from ±1,000 to ±2,000 square feet, each with its own grade level roll up door and dedicated parking, set on a ±19,040 square foot lot at the end of a private cul de sac. Built in 1965 and well maintained, the asset offers 15 foot clear height, 18 parking spaces, and M-1 zoning supporting a broad range of industrial and service uses.
Four units are leased on a month to month basis and generate current income, one unit is owner occupied and can convey vacant, and one unit is being renovated and readied for lease. Because every tenancy is month to month, a new owner controls the timing entirely and can grow in place rents to market, recapture space for owner occupancy, or lease the available units to stabilize.
Small bay product of this size is effectively impossible to replicate at today’s land and construction costs and rarely trades in this submarket. For an owner user, the renovated and owner occupied units allow immediate occupancy with income in place on the balance, financeable through SBA with as little as 10% down.