INDUSTRIAL COVERED LAND PLAY
Institutional Property Advisors (“IPA”) as exclusive advisor,is pleased to present Gateway Crossroads (the “Property”), located at the intersection of West Redondo Beach Blvd and the110 Freeway. In the heart of the South Bay submarket, the Property consists of a 120,104 square foot shopping center on 9.21 acres of M2 zoned land. The property’s strategic location and proximity to the 110 Freeway provides premium freeway visibility and ease of access to all of LA’s major transportation arteries. Zoned for industrial use and advantageously located near the ports of Los Angeles and Long Beach, Gateway Crossroads represents an opportunity for a future high flow-through, logistics or distribution building.
The Property offers a new investor the opportunity to benefit from stable cash flow and the long-term upside of developing the site into an industrial-distribution oriented use. The South Bay is the premier location for Class A warehousing and is commanding rents from logistics users well above the national average. Sitting on 9.21 acres of land, Gateway Crossroads benefits from its regional freeway access, M2 zoning and industrial development potential. Given the lack of Industrial product in the South Bay trade area, Gateway Crossroads sits amongst many new developments, including two major logistics warehouses currently under-construction directly to the west.
The Property is an excellent opportunity for investors to buy an infill land site in a core location just minutes from the major nearby seaports in a market with extreme scarcity of available parcels of land for new construction, offering in-place income until a redevelopment plan can be completed.