2187 Garfield Avenue, Commerce, CA

Property Type Industrial - Warehouse/Distribution
Property Size 114,599 SF
Lot Size 6.73 Acre
Parking Spaces Avail. 110
Parking Ratio 0.96/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 1955

Location

Map
Street

City Commerce, CA
Neighborhood Commerce
Zip Code 90040
Market Los Angeles

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 16 Sep, 2021
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Commerce

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Commerce Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $29.03
2020 Office Vacancy Rate 11.42%
2020 Office Completions (SF)

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Tax

Property Tax in 2021-2022 $93,974
Market Value* $8,260,683
Assessed Value $8,260,683

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 2187 Garfield Avenue?

2187 Garfield Avenue totals 114,599 square feet.

When was this property built?

2187 Garfield Avenue was built in 1955.

When was 2187 Garfield Avenue last sold?

2187 Garfield Avenue was last sold on 16 Sep, 2021.

What is the property tax for 2187 Garfield Avenue?

The property tax for 2187 Garfield Avenue in 2021-2022 was $93,974.

What is the market value for 2187 Garfield Avenue?

The market value* for 2187 Garfield Avenue in 2021-2022 was $8,260,683.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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