The industrial property at 14455 S. Broadway St., along with its adjacent address at 14463 S. Broadway St., was sold on November 27 for $14,432,000—equivalent to roughly $226 per square foot, according to public documents reviewed by The Registry. Spanning over 2 acres and featuring more than 64,000 square feet of adaptable industrial space, the property underscores the enduring strength of Los Angeles County’s industrial real estate market.
This facility boasts high ceilings ranging from 18 to 24 feet, ideal for efficient vertical storage and accommodating various industrial equipment. Multiple loading docks and drive-in doors streamline logistics, while the heavy power capacity, secure fenced yard, and designated parking areas enhance its functionality for industrial tenants.
Conveniently located just four blocks from Interstate 110 and close to Interstates 105 and 405, the property offers excellent access to major transportation corridors and the Los Angeles port system. Recent updates include a new roof with a warranty and resurfacing completed within the last four years. The facility also features well-maintained office spaces and comprehensive security systems, including fencing and gates.
Marketed as a flexible investment opportunity, the property offers options for owner-occupation, retaining the existing tenant, or leasing to new tenants. Its strategic location, robust infrastructure, and adaptability make it a valuable asset in one of the nation’s most competitive industrial markets.
In 2024, Gardena’s industrial real estate market stabilized following the pandemic-driven disruptions of prior years. According to industry reports, leasing activity across Los Angeles County, including Gardena, normalized as the rental surges seen during COVID-19 subsided. The earlier supply chain crisis had created severe space shortages and skyrocketing warehouse rents, particularly near key logistics hubs like San Pedro Bay. By 2024, however, the market shifted in favor of tenants, with rental rates becoming more reasonable.
In the South Bay area, which includes Gardena, gross rents (inclusive of taxes and property insurance) averaged approximately $1.50 per square foot, while newer industrial properties commanded premium rates of up to $2.50 per square foot. This pricing disparity reflected the bifurcation of the market: older buildings with smaller footprints and lower rents catered to local tenants, while newer, high-quality spaces attracted regional and national companies. This division resulted in a pricing gap of approximately 60 percent between the two tiers, according to a report by Klein Commercial.
Despite the current availability of industrial spaces, long-term supply constraints loom due to local moratoriums, zoning restrictions, and regulations like California Assembly Bill 98, which mandates buffer zones between industrial properties and sensitive areas such as schools and residences. These restrictions are expected to limit future industrial development opportunities in areas like Gardena.
Gardena’s industrial real estate market in 2024 reflects a return to balanced conditions, with stabilized rents and distinct market segmentation between older and newer spaces. However, evolving regulatory frameworks and development constraints are poised to shape the market’s future trajectory.
