Log In/Sign Up
Your email has been sent.
1528 W Washington Blvd 625 SF Retail Building Montebello, CA 90640 $2,990,000 ($4,784/SF) 4.45% Cap Rate
Investment Highlights
- Enterprise Rent-A-Car: Single Tenant Net Leased Corporate Investment
- Tenant Just Executed Their First 5-Year Option
- Future Rental Upside-Low Rental Rate, Only $0.38/SF Land
- 4.45% Capitalization Rate; Only $79/SF Land Cost
- Very Strong Real Estate Fundamentals; Industrial Zoning & Area
Executive Summary
Marcus & Millichap Real Estate Investment Services is pleased to exclusively market for-sale the fee-simple interest of Enterprise Truck Rental Services located at 1528 Washington Boulevard, Montebello, California. Centrally located within Los Angeles County the subject property is situated within an industrial area with close proximities to several freeways. The demand for truck rentals only continues to grow as the industrial sector continues to expand within LA County.
Enterprise Truck Rental is effectively a ground lease and comprises of a rectangular-shaped, industrial zoned (M1, Light Industrial, Light Manufacturing) site of 37,834 square feet (0.87 acres). The improvements consist of a 625 SF, 1-story office building and a 1,665 SF canopy structure built in 2011 and 2015 respectively. There is one 50 foot-wide curb cut and one 30 foot-wide curb cut off Washington Blvd. The site is used as a truck rental facility.
The subject property’s current rental rate of $0.38 PSF (NNN) is based on the entire property and would be considered low in today’s market, thus, offering significant future rental upside. The property also presents itself as a prime future industrial redevelopment opportunity.
Please DO NOT disturb the tenant. For further information, please contact the listing agents.
Enterprise Truck Rental is effectively a ground lease and comprises of a rectangular-shaped, industrial zoned (M1, Light Industrial, Light Manufacturing) site of 37,834 square feet (0.87 acres). The improvements consist of a 625 SF, 1-story office building and a 1,665 SF canopy structure built in 2011 and 2015 respectively. There is one 50 foot-wide curb cut and one 30 foot-wide curb cut off Washington Blvd. The site is used as a truck rental facility.
The subject property’s current rental rate of $0.38 PSF (NNN) is based on the entire property and would be considered low in today’s market, thus, offering significant future rental upside. The property also presents itself as a prime future industrial redevelopment opportunity.
Please DO NOT disturb the tenant. For further information, please contact the listing agents.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
625 SF
Building Class
C
Year Built
1955
Price
$2,990,000
Price Per SF
$4,784
Cap Rate
4.45%
NOI
$133,055
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.87 AC
Zoning
M1 - Light Manufacturing
Parking
12 Spaces (19.2 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Monument Signage
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6353-014-008 | Improvements Assessment | $101,308 |
| Land Assessment | $186,308 | Total Assessment | $287,616 |
Property Taxes
Parcel Number
6353-014-008
Land Assessment
$186,308
Improvements Assessment
$101,308
Total Assessment
$287,616
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
1528 W Washington Blvd