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Investment Highlights
- The property is comprised of 5 industrial buildings totaling 16,727 SF across three parcels
- The buildings together feature 12-foot clear height, 9 ground-level roll-up doors, 34 on-site parking spaces, and multiple drive-in doors
- Constructed in 1962 and 1963, the buildings span three parcels totaling approximately 46,721 SF - Zoned WCM1YY
- Currently leased to six tenants - three tenants are on month-to-month leases
Executive Summary
The offering comprises 1149 - 1217 N. Azusa Canyon Road and presents a rare opportunity to acquire a multi-tenant industrial warehouse complex in the highly sought-after West Covina industrial corridor. The property consists of five industrial buildings totaling approximately 16,272 SF of rentable building area, currently leased to six tenants, providing both stable in-place income and rental upside. Three of the tenants are on month-to-month leases. Constructed in 1962 and 1963, the buildings span three parcels totaling approximately 46,295 SF. The site is zoned WCM1YY, allowing for a wide range of industrial uses, including warehousing, distribution, fabrication, and light manufacturing, making the property highly functional and versatile for various businesses and operators.
The buildings feature wood-frame and stucco construction, a 12-foot clear height, and nine ground-level roll-up doors, supporting efficient loading and unloading. The buildings feature a fenced lot, ample parking spaces, and multiple drive-in doors (10'W x 10'H). The property also offers approximately 34 on-site parking spaces (2.0/1,000 SF), with frontage and easy ingress/egress along Azusa Canyon Road, which enhances overall usability and tenant appeal.
The buildings feature wood-frame and stucco construction, a 12-foot clear height, and nine ground-level roll-up doors, supporting efficient loading and unloading. The buildings feature a fenced lot, ample parking spaces, and multiple drive-in doors (10'W x 10'H). The property also offers approximately 34 on-site parking spaces (2.0/1,000 SF), with frontage and easy ingress/egress along Azusa Canyon Road, which enhances overall usability and tenant appeal.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $4,950,000 | Status | Active |
| Price / SF | $300.91 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 1.39% | Total Building Size | 16,450 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.98 AC |
| Price | $4,950,000 |
| Price / SF | $300.91 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 1.39% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 16,450 SF |
| Total Land Area | 0.98 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1149-1205 Azusa Canyon Rd, West Covina, CA 91790 | Industrial | 10,850 SF | 1962 | - |
| 1217 N Azusa Canyon Rd, West Covina, CA 91790 | Industrial | 5,600 SF | 1963 | - |
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5 Building Industrial Complex
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