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526-526 W Monterey Ave 13,538 SF 100% Leased Industrial Building Pomona, CA 91768 $2,988,000 ($220.71/SF) 5.80% Cap Rate
Investment Highlights
- Fully leased to Parts Authority, LLC under a long-term industrial lease.
- Corner location with access to I-10, SR-60, SR-71, and SR-57.
- Annual rent increases of 2.50% provide contractual income growth.
- Two-building configuration supports future operational flexibility.
Executive Summary
526 W Monterey Avenue and 253 N Rebecca Street present the opportunity to acquire a fully leased industrial investment in Pomona, California, occupied by Parts Authority, LLC, a national automotive replacement parts distributor operating an extensive distribution network across the United States. The property consists of two industrial buildings situated on three separate parcels, including an additional secured yard and parking parcel that enhances operational flexibility and future repositioning potential.
The asset benefits from a lease structure that provides annual contractual rent growth through 2.50% yearly escalations and includes two five-year renewal options, extending potential occupancy through July 2040. Significant capital improvements completed in 2022 included HVAC replacement, new copper plumbing, ADA upgrades, new windows, and lighting enhancements, reducing near-term capital expenditure requirements for ownership.
Positioned at the corner of W Monterey Avenue and N Rebecca Street, the property offers immediate access to Interstate 10, State Routes 60, 71, and 57, connecting Los Angeles County with the Inland Empire's industrial and logistics corridors. The location places major employment centers, distribution routes, Ontario International Airport, and a large regional consumer base within convenient reach, supporting the tenant's operational model and long-term occupancy needs.
The asset benefits from a lease structure that provides annual contractual rent growth through 2.50% yearly escalations and includes two five-year renewal options, extending potential occupancy through July 2040. Significant capital improvements completed in 2022 included HVAC replacement, new copper plumbing, ADA upgrades, new windows, and lighting enhancements, reducing near-term capital expenditure requirements for ownership.
Positioned at the corner of W Monterey Avenue and N Rebecca Street, the property offers immediate access to Interstate 10, State Routes 60, 71, and 57, connecting Los Angeles County with the Inland Empire's industrial and logistics corridors. The location places major employment centers, distribution routes, Ontario International Airport, and a large regional consumer base within convenient reach, supporting the tenant's operational model and long-term occupancy needs.
Property Facts
| Price | $2,988,000 | Rentable Building Area | 13,538 SF |
| Price Per SF | $220.71 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1961 |
| Cap Rate | 5.80% | Parking Ratio | 2.29/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 10’ |
| Property Subtype | Manufacturing | No. Drive In / Grade-Level Doors | 4 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.66 AC | ||
| Zoning | DI-SP - Current CUP For Artisanal Manufacturing, allowing: -On site Production of goods -Heavy Manufacturing Equipment -Incidental Direct sale to consumers | ||
| Price | $2,988,000 |
| Price Per SF | $220.71 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 0.66 AC |
| Rentable Building Area | 13,538 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Parking Ratio | 2.29/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | DI-SP - Current CUP For Artisanal Manufacturing, allowing: -On site Production of goods -Heavy Manufacturing Equipment -Incidental Direct sale to consumers |
Amenities
- 24 Hour Access
- Fenced Lot
- Metro/Subway
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - City
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,120,314 | |
| Land Assessment | $1,802,246 | Total Assessment | $2,922,560 |
Property Taxes
Parcel Numbers
Land Assessment
$1,802,246
Improvements Assessment
$1,120,314
Total Assessment
$2,922,560
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