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525 N Howard Ave
Covina, CA 91723
Industrial Property For Sale
Investment Highlights
- Absolute NNN Tenant. ZERO landlord responsibilities. / 3+ years remaining on lease. Ease of management. / DRIVE BY ONLY / PLEASE DO NOT DISTURB TENANT
- 1st Floor - 185 Sqft. cold storage / 185 Sqft. Freezer / 400 Sqft. loading / 12'X10' Loading doors + processing/kitchen. Buyer to verify Sqft est.
- Built-in Rental Increases. Tenant has occupied this space for 10+ years / Great location near downtown Covina & Metro Link commuter rail.
- Under Market Rent. Rent Comparables at $1.25 - $1.50 per foot. Current Cap rate is 3.90, Proforma Cap Rate at 4.75 at $1.25 Per Foot
- 2nd Floor featues Kitchen/breakroom/USDA office/Storage/Private Offices/Executive Office (375 Sqft.)/Bathroom. Buyer to verify Sqft est.
- USDA food processing facility with improvements. Front parking and rear cargo door. With USDA field office at location (2nd floor).
Property Facts
| Property Type | Industrial | Year Built | 1987 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Lot Size | 0.16 AC | Clear Ceiling Height | 10’ |
| Rentable Building Area | 5,000 SF | No. Dock-High Doors/Loading | 2 |
| No. Stories | 2 | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 - Light Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.16 AC |
| Rentable Building Area | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 1.13/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 - Light Industrial |
Amenities
- Cooler
- Floor Drains
- Freezer (Space)
- Skylights
- USDA/FDA
- Reception
Utilities
- Heating
Property Taxes
| Parcel Number | 8430-023-017 | Improvements Assessment | $551,412 |
| Land Assessment | $988,380 | Total Assessment | $1,539,792 |
Property Taxes
Parcel Number
8430-023-017
Land Assessment
$988,380
Improvements Assessment
$551,412
Total Assessment
$1,539,792
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