10232-10234 Glenoaks Blvd - Warehouse FOR SALE


Pacoima, CA 91331
$14,900,000 USD
310-740-4029
10232-10234 Glenoaks Blvd, Pacoima, CA for Sale
$14,900,000 USD
Warehouse - FOR SALE
1/47
null | Request Cap Rate

10232-10234 Glenoaks Blvd
Pacoima, CA 91331


HIGHLIGHTS

  • Existing Tenant paying $37,520/mo +NNN w/2.5% increases every year

OVERVIEW

For The subject property located at 10232 Glenoaks Boulevard, in the City of Pacoima, is legally described by the assessor’s parcel number: 2528-007-019. According to the Los Angeles County, Office of the Assessor, the subject site is an approximately 2.39 acres lot, and has been developed with an industrial building approximately 33,458 square feet in size. The subject building was constructed in 1964. There are five (5) associated addresses with this parcel: 10232, 10234, 10238, 10240, and 10248 Glenoaks Boulevard. The subject property is currently occupied by “Ahern Rental”. The subject property consists of one (1) single-story industrial building. Onsite operations consists of equipment rental and motor repair. In addition to the current structure, the subject property is also improved with an asphalt paved parking and vehicle storage lot. A vehicle washing area was observed on the northwest side of the subject building. According to available historical sources, prior to 1954, the subject property was occupied by residential buildings. From 1967 to 2018, the subject property has been occupied by an industrial building. The immediately surrounding properties consist of industrial development (“FedEx Freight” / 11911 Branford Street) to the north; commercial and industrial developments (Commercial and Industrial / 10235-10267 Glenoaks Boulevard) to the south across Glenoaks Boulevard; commercial / industrial development (Vacant Building / 10202-10228 Glenoaks Boulevard) to the east; and industrial development (“CA Signs” / 10280 Glenoaks Boulevard) to the west. The adjoining property to the North is listed in the HMIRS, PCS, RCRA-G, HWIS, and UST regulatory database. Based upon information provided by the LACDPW Hydrologic Records Section, the nearest municipal production well is located half a mile to the southwest of the site and is owned by the LADWP (LACDPW #4905K). The well is active, and had a reported depth to groundwater of 251 feet bgs (LACDPW, 2007). Existing Tenant paying $38,500/mo +NNN w/2.5% increases every year. Lease Ends Jan 31, 2029.

FOR SALE DETAILS

PRICE

$14,900,000 USD

PRICE/SF

$445 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.39

LAND SF

104,108

ZONING

M2-1, Los Angeles

APN/PARCEL ID

2528-007-019

ASK ABOUT THIS PROPERTY

Roger PerryRodeo Realty IncMore Info
310-740-4029

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Roger PerryRodeo Realty IncMore Info
310-740-4029

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.