15001 Figueroa Street
15001 S Figueroa Street, Gardena, CA 90248
Marketing description
Matthew Luchs, Andrew Sinasohn, and Jacob De La Hoya of Zacuto Group, as exclusive advisors, present for sale 15001 S Figueroa Street, Gardena, CA, a ±111,266 square foot multitenant industrial flex asset situated on ±148,975 square feet (±3.42 acres) of LAMR1-zoned land in the South Bay / Harbor Gateway North submarket.
The property is currently 68.1% occupied (69,826 SF) across 14 of 25 units, with 33,786 SF (31.87%) vacant across 11 units. The vacancy is functional, divisible, and immediately leasable, with unit sizes ranging from ±1,000 SF to 13,090 SF, allowing for broad tenant demand and flexible lease-up execution.
In-place rents range from approximately $1.00– $1.67/SF, compared to market levels near $1.50/SF, creating a clear path to increased revenue through both lease-up and mark-to-market rent growth without requiring significant capital improvements. A total of 28,223 SF (26.62% of the building) rolls in 2026, giving a new owner near-term control over a meaningful portion of the asset. This allows for rent resets, tenant mix improvement, and potential unit consolidation to accommodate larger users. A 40,000 SF tenant (Ball Family Farms) occupies 39.5% of the property through November 2028, providing consistent base income during the lease-up and repositioning phase. The remaining tenancy is diversified across small-bay users, limiting reliance on any single tenant outside of the anchor.
The property is configured as a functional smallbay industrial project with twelve (eleven dock-high and one ground) loading bays, three-phase power (240V / 420V / 3-phase), secured gated access, and 38 surface parking spaces. The layout supports logistics, storage, light manufacturing, contractor, and service-oriented industrial users, the most active tenant segment in the South Bay.
The site is located at the intersection of S Figueroa Street and W Compton Boulevard, with immediate access to the I-110 Freeway, one of the primary freight corridors connecting the Ports of Los Angeles and Long Beach to the greater Los Angeles basin. The property is approximately 14 miles from the Ports and 8 miles from LAX, positioning it within a core infill, port-adjacent industrial market with sustained tenant demand and limited new supply.
Investment highlights
- Rare Owner-User Opportunity in a Supply-Constrained South Bay Submarket - The property presents a rare owner-user opportunity to acquire scale in a supply-constrained South Bay submarket, with immediate occupancy of up to 33,786 SF and the ability to expand over time through lease rollover, all while benefiting from in-place income to offset carry.
- Value-Add Industrial Opportunity - The property offers a clear lease-up opportunity with 33,786 SF (31.87%) of vacancy across 11 units ranging from ±1,000 SF to 13,090 SF. The space is functional and immediately leasable, allowing for staggered absorption and reduced downtime risk while providing a direct path to increased occupancy and cash flow.
- Mark-to-Market Rent Upside Across Existing Rent Roll - There is meaningful mark-to-market upside across the existing rent roll, with in-place rents ranging from approximately $1.00–$1.67/SF compared to market levels near $1.50/SF. This allows for organic NOI growth through rent increases upon rollover without requiring significant capital investment.
- Near-Term Lease Control with Immediate Repositioning Opportunity - The asset provides near-term control through lease rollover, with approximately 28,223 SF (26.62% of the building) expiring in 2026. This creates the ability to reset rents, restructure lease terms, improve tenant quality, and potentially consolidate units to accommodate larger users early in the hold period.
- Anchor Tenant Provides Stable Income Floor Through November 2028 - A 40,000 SF anchor tenant (Ball Family Farms) occupies 39.5% of the building through November 2028, providing stable in-place income and limiting downside during the lease-up phase, while preserving long-term optionality at expiration.
- High-Demand Small-Bay Industrial Product - The asset consists of high-demand small-bay industrial product, with unit sizes aligned with the most active tenant segment in the market. This supports strong leasing velocity, tenant diversification, and reduced reliance on single-tenant occupancy.
- Functional Industrial Improvements - The property is equipped with functional industrial improvements, twelve (eleven dock-high and one ground) loading bays, three-phase power (240V / 420V / 3-phase), gated and secured access, and 38 surface parking spaces, supporting a wide range of logistics, storage, and light manufacturing uses.
- Core Infill South Bay Positioning with Exceptional Freeway & Port Connectivity - The location offers core infill South Bay positioning with immediate access to the I-110 Freeway and connectivity to the I-105 and I-405, approximately 14 miles from the Ports of Los Angeles and Long Beach and 8 miles from LAX, supporting long-term tenant demand.
- Multiple Execution Strategies - The investment provides multiple execution strategies, including lease-up and stabilization, mark-to-market rent growth, owner-user occupancy, or long-term hold within a supply-constrained, port-driven industrial corridor.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
