AMAZING VALUE-ADD OPPORTUNITY

Keller Williams Beverly Hills is pleased to present the opportunity to purchase 3768 Bandini Boulevard in Vernon, California, comprised of one owner-occupied building on two legal parcels. The property, built in 1952, includes approximately 24,037 square feet of rentable building area on approximately 44,431 square feet of industrial-zoned land.
Excellent Facility for MFG/Warehousing/Flexible Use. Uniquely positioned with excellent frontage (659 feet), visibility, and signage opportunities. Approximately 1000 SF of office space.
Prime location in the major business & industrial hub of Vernon.Well positioned to take advantage of its proximity and easy access to the four nearby freeways. Easy access to entry from both east and west sides of the road.
Recent independent appraisal report on hand showing a value of $5,630,000.
Low Price/square foot, attractive in place CAP Rate, with major upside potential.

Vernon is a small city located in Los Angeles County, California. It is located about 5 miles southeast of downtown Los Angeles. The city has a population of around 112,000 people and covers an area of about 5.2 square miles. Vernon is known for its industrial development and is home to many manufacturing and wholesale businesses. It is also known for its large number of warehouses and distribution centers.
Vernon is close to Downtown Los Angeles, LAX, and the Ports of Long Beach and Los Angeles, providing a wide variety of businesses in the city. The property provides quick, easy surface street access to four major freeways and the Alameda Rail Corridor, low business license, construction and health permit fees, and the lowest municipal utility rates in Southern California. Police department with an emergency response time of less than four minutes.
Over the past five years, prices per square foot within the Vernon industrial submarket have increased by an average of 17.57% per year, from $141.60 per SF five years ago to $266.01 per SF. According to Costar projections, industrial rents in the area are predicted to increase at an annual rate of 6.32%. Strong rental market and low vacancy rates. Vernon submarket had a vacancy rate of 1.90% during the third quarter of 2022.