South Bay Industrial | Gardena, CA

14600 South Broadway, Gardena, CA 90248

South Bay Industrial

Description

Marcus & Millichap has been selected to exclusively market for sale The Twin Dragon Marketing, Inc. Corporate Headquarters located at 14600 South Broadway in Gardena, CA. Ideally located in the industrial hub of Gardena, CA just South of the SE signalized corner of South Broadway and West Rosecrans Avenue, the subject property is located just three blocks east of the Interstate 110 Freeway and is located approximately 15 miles from the Port of Long Beach and approximately 11 miles from Los Angeles International Airport (LAX).

The subject property is the home to the corporate headquarters of Twin Dragon Marketing, Inc. Founded in 1980, Twin Dragon Marketing, Inc. is a multinational textile manufacturer specializing in denim textiles, innovative denim washing and pioneering fashion fabric trends. Twin Dragon Marketing is internationally recognized in the textile and denim markets for its passionate dedication to superior product quality and customer-conscience service & logistics.

Twin Dragon Marketing has an annual global production capacity for over 80 million square yards. Their annual sales exceed $100,000,000. Twin Dragon Marketing, Inc. has successfully operated at this location for over twenty seven years since 1988.

Industrial Property

Price: $

Building Size: 37,080 SF

Price/SF: $

Property Type: Industrial

Property Sub-type: Industrial-Business Park

Additional Sub-types: Flex Space Manufacturing, Distribution Warehouse

Property Use Type: Net Lease Investment with 10+ years left on lease

Cap Rate: 4.50%

Occupancy: 100%

Tenancy: Single

Year Built: 1966

Clear Ceiling Height: 18 ft.

Lot Size: 81,892 SF

Listing ID: 19475096

Last Updated: 16 days ago

Additional Information

Twin Dragon Marketing, Inc. just executed a ten year, NNN lease that expires in September of 2025. They have two five year options to extend their lease at fair market value. Their initial lease term includes 1.5% annual increases for the first five years, and 3.5% annual increases through the remainder of the lease term. The lease is guaranteed by both Twin Dragon Marketing, Inc., a leader in the textile and denim markets with annual sales north of $100,000,000 and personally by their sole shareholder. The lease is an absolute NNN lease, calling for zero landlord responsibility.

Absolute NNN Lease - Annual Rental Increases; Corporate Headquarters for Multi-National Textile Manufacturer; Twin Dragon Marketing, Inc. has Been at this Location Since 1988 - Annual Sales in Excess of $100,000,000; Corporate and Personally Guaranteed Lease; Ideal Industrial Location - Close Proximity to the 110 Freeway, Port of Long Beach, and Los Angeles; Corner Location - Excellent Access and Circulation