115 Penn St 3,570 SF Industrial Building El Segundo, CA 90245 $2,500,000 ($700.28/SF)

JUST PRICE IMPROVED 500K! In the unique beachside gem of El Segundo, CA, is a ±3,570 SF of service-oriented space located at 115 Penn Street. This creative and hip industrial building sits on a ±0.13-acre lot, features a clear ceiling height of 14 FT, includes one drive-in/grade-level door and boasts a parking ratio of 2.11/1,000 SF. Desirably located in El Segundo's sought-after Smoky Hollow industrial corridor, the property offers proximity to major transportation hubs and the Port of Los Angeles. Currently leased to South Bay Customs, a well-regarded custom motorcycle shop, art gallery, and live music venue, the property presents a rare and versatile opportunity for either an investment with the existing tenant, or as an owner-user facility. Owner user or Investor TBD Terms

THE LOCATION:
115 Penn Street stands out as a prime investment opportunity within El Segundo’s industrial zone. Its strategic location is just a few miles from Los Angeles International Airport (LAX) and offers access to key transportation hubs like the Port of Los Angeles, with excellent connectivity to I-105 and I-405 freeways. El Segundo is celebrated for its vibrant blend of established manufacturing and emerging creative sectors, evidenced by its low industrial vacancy rate of approximately 2.8% and favorable cap rates of 4.5% to 5.5%. The local economy is healthy and growing, with a high median household income and strong growth potential, making this property a compelling choice in a thriving and well-connected market.