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722 Parriott
La Puente, CA 91745
Land For Sale
·
4.50 AC
Investment Highlights
- Attractive to users looking for outdoor storage
- The property also offers long-term flexibility with the potential for a user sale in the future
- The site is fenced, paved and secured with industrial zoning
Property Facts
| Property Type | Land | Total Lot Size | 4.50 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial | ||
| Zoning | IDM* | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 4.50 AC |
| No. Stories | 1 |
| Zoning | IDM* |
Description
• ±6.3 acre site (±4.5 usable net acres) in La Puente, CA - ideal for IOS use • The site has been owned and operated by Macy’s as a truck yard o Ownership looking to execute a leaseback at $0.65 NNN through Feb-2024 • The property offers long-term flexibility with the potential for a user sale in the future • Los Angeles posted one of the lowest vacancy rates in the country (1.3%) in Q1 2023 • In Q1 2023, The San Gabriel Valley submarket grew by 61% year over year • Site is within ±35 miles to the Ports of Long Beach and Los Angeles • Location also provides direct transportation to SR-60, I-605 & I-10 freeways
Property Taxes
| Parcel Number | 8245-004-002 | Improvements Assessment | $1,226 |
| Land Assessment | $4,093,263 | Total Assessment | $4,094,489 |
Property Taxes
Parcel Number
8245-004-002
Land Assessment
$4,093,263
Improvements Assessment
$1,226
Total Assessment
$4,094,489
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