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429 S Palm Ave 15,029 SF 100% Leased Industrial Building Alhambra, CA 91803 $6,500,000 ($432.50/SF)
Investment Highlights
- Central Kitchen
- Ample Parking
- Loading Dock
Executive Summary
429 S Palm Ave presents a rare opportunity to acquire a fully built-out office, warehouse, and central kitchen facility in the heart of Alhambra. Situated on a +/-30,000 SF lot with a +/-15,029 Sf two-story building, the property is exceptionally well-suited for food production, distribution, catering, ghost kitchens, or owner-user industrial operations. The property features a large, professionally equipped commercial kitchen with extensive stainless-steel prep areas, ventilation hoods, walk-in refrigeration/freezer capacity, and multiple production rooms-allowing for high-volume food preparation and operational efficiency. This infrastructure provides a significant cost and time advantage for operations seeking a turnkey or near-turnkey solution. Complementing the kitchen is a functional warehouse component with two loading docks, enabling efficient inbound and outbound logistics, deliveries, and distribution. Palm Avenue is notably wide, providing excellent access for box trucks and delivery vehicles and allowing for easy turning, staging, and maneuvering in and out of the property-an increasingly valuable feature for industrial and food-service users. The site also includes multiple private offices, conference rooms, and administrative spaces, offering a complete operational ecosystem under one roof. The flexible layout allows for a wide range of uses, including food manufacturing, catering headquarters, commissary kitchens, cold storage, e-commerce fulfillment, or hybrid office-industrial operations. With strong on-site circulation and a street configuration that supports truck access, the property is designed to handle both daily operations and future growth. Located in a central San Gabriel Valley location with proximity to major throughfares and dense surrounding population centers, 429 S Palm Ave offers a strategic footprint for businesses seeking scale, functionality, and long-term value. on a generous +/-30,000 sq. ft. lot (consisting of two APNs 5312-013-027 and 5342-013-031)
Property Facts
| Price | $6,500,000 | Lot Size | 0.46 AC |
| Price Per SF | $432.50 | Rentable Building Area | 15,029 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1968 |
| Property Type | Industrial | Parking Ratio | 1.85/1,000 SF |
| Property Subtype | Food Processing | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Zoning | MP, Alhambra | ||
| Price | $6,500,000 |
| Price Per SF | $432.50 |
| Sale Type | Investment or Owner User |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | C |
| Lot Size | 0.46 AC |
| Rentable Building Area | 15,029 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.85/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | MP, Alhambra |
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Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Numbers | Improvements Assessment | $960,700 | |
| Land Assessment | $1,728,537 | Total Assessment | $2,689,237 |
Property Taxes
Parcel Numbers
Land Assessment
$1,728,537
Improvements Assessment
$960,700
Total Assessment
$2,689,237
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429 S Palm Ave
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