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6.00% CAP Sale-Leaseback Opportunity 1755 E Lemonwood Dr 40,081 SF Industrial Building Santa Paula, CA 93060 $9,700,000 ($242.01/SF) 6% Cap Rate
Investment Highlights
- 40,081-SF Class A industrial building in Santa Paula offered at $9,700,000 ($242.01/SF) with a 6.00% cap rate sale-leaseback
- Built-to-suit design features 24-FT clear ceilings, 4 dock-high doors, and 2 grade-level doors on a 3.56-AC site
- Positioned near CA State Route 126 within a supply-constrained Ventura County industrial submarket
- Single-tenant NNN investment occupied by BendPak, which built the facility in 2019 as a core West Coast distribution hub
- Zoned MIPO (Mixed Industrial and Professional Office), supporting manufacturing, distribution, and office-flex uses
- Passive, income-producing opportunity backed by BendPak's demonstrated long-term commitment to the site
Executive Summary
1755 E Lemonwood Dr is a 40,081-SF Class A industrial building in Santa Paula, California, offered at $9,700,000 ($242.01/SF) as a 6.00% cap rate sale-leaseback investment. Built in 2019, the single-tenant NNN asset serves as a mission-critical logistics facility for BendPak, functioning as a core hub within the company's Western U.S. distribution network — a role that reflects BendPak's long-term commitment to the site.
The building sits on a 3.56-AC lot and features 24-FT clear ceilings, four dock-high loading doors, and two grade-level drive-in doors, supporting manufacturing, distribution, and service-oriented industrial operations. The property is zoned MIPO (Mixed Industrial and Professional Office) and includes a fenced lot, signage, reception area, and dedicated storage space.
Santa Paula sits within Ventura County's supply-constrained industrial market, with proximity to California State Route 126 supporting regional distribution and logistics access.
The building sits on a 3.56-AC lot and features 24-FT clear ceilings, four dock-high loading doors, and two grade-level drive-in doors, supporting manufacturing, distribution, and service-oriented industrial operations. The property is zoned MIPO (Mixed Industrial and Professional Office) and includes a fenced lot, signage, reception area, and dedicated storage space.
Santa Paula sits within Ventura County's supply-constrained industrial market, with proximity to California State Route 126 supporting regional distribution and logistics access.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Fenced Lot
- Signage
- Reception
- Storage Space
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 107-0-210-715 | Improvements Assessment | $4,305,914 |
| Land Assessment | $529,972 | Total Assessment | $4,835,886 |
Property Taxes
Parcel Number
107-0-210-715
Land Assessment
$529,972
Improvements Assessment
$4,305,914
Total Assessment
$4,835,886
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