Location. Location. Property is located 223 W Rosecrans Ave, Gardena ,CA 90248. rnIt is located in the city of Gardena, the best logistics center adjacent to the Long Beach Port and also adjacent to LA Airport.rnGardena is Los Angeles’ industrial hub surrounding the 110 Freeway located 12 miles south of Downtown Los Angeles.rnThe city of Gardena warehouse sales and lease market is a highly sought-after industrial real estate market with 2022 proving rnto be an extremely high demand market year.rnCurrently, the best of the market demand for warehouse rental and sales is between 80,000 sf to 100,000 sf. rnAccording to various business press statistics, the South Bay area always has a vacancy rate of lease 1%.rnThe reason is that there is no land that can be developed, and labor costs are too high to build. rnOn the other hand , with the increase in the distribution industry across the country, many people have been looking for rnwarehouses, but due to a lack of supply, price increases and vacancy rates are expected to remain at the lowest level. rn Current our’s leased contract rents are equal to $1.00/sf Industrial Gross which equates to 39% below market rents rncurrent rental market a conservative estimate of $1.65/sf Gross market rent rate.rn Therefore, since the current market rate price is much higher than the lease price, we can be sure of the lease price increase factor.rnIn the second year of investment(2024) ,the cap rate increase is 3.4%, and from the third year(2025), the cap increase is 5.3%.rnThe Subject Property approximately 78,088 sf of warehouse/distribution situated on 3.251 acres of land.rn. There is a 10% office-to-warehouse ratio located in the front portion of the building with a kitchen and reception area. rnThe 2nd floor warehouse mezzanine is 7,000 sf,rnbut not included rental spaces in total rental sf.rnThe building is built of brick and concrete and ceilings and interior facilities are in excellent condition.rn For vehicle traffic, there are two entrances that can pass through 360 degrees based on the building.rnAlthough the current real estate market situation is at its worst due to rising inflation and rising interest rates, it is expected thatrn it will be a wise investment method to purchase an industrial logistics warehouse as the best investment. We will provide the best offers to the best investors. Very good 1031 Exchange building.