2900 Palisades Ave - Manufacturing FOR SALE


Corona, CA 92880
$8,450,000 USD
714-501-3866
2900 Palisades Ave, Corona, CA for Sale
$8,450,000 USD
Manufacturing - FOR SALE
1/2
null | 5.52% Cap Rate

2900 Palisades Ave
Corona, CA 92880


HIGHLIGHTS

  • Rare Blue Chip STNL Industrial Investment
  • 4% Annual Increases Effective Q1 2025
  • High-image Corona Palisades Business Center
  • Central Southern California Gateway Location
  • Excellent access to major highways: 91 Freeway, I-15, and SR-71

OVERVIEW

2900 Palisades Dr, Corona, is a high-image, industrial manufacturing facility located in the Corona Palisades Business Center. The building functions as a critical metal fabrication facility for ESL Power Systems, a Corona-based technology company utilizing state-of-the-art processes within advanced dust and debris containment systems. Notable upgrades include a new roof installed in 2022 and enhanced power capacity. At 27% building coverage, potential expansion opportunities subject to city standards may contribute to the property's longevity. The property is offered as a leased investment, providing a stable income stream for investors and a strong hedge against inflation. The tenant ESL Power Systems, Inc has exercised an early 5-year renewal option demonstrating their commitment to the location. The current lease agreement spans 5+ years and operates under a triple net (NNN) structure. ESL Power Systems, Inc is leading electrical manufacturer of safety-interlocked, cord-connected solutions since 1995. ESL applies its technical expertise and innovative designs to facilitate the ever expanding needs of the power distribution industry. ESL specializes in developing safety-interlocked solutions that provide safety, reliability, ease of use, and create greater efficiency in operation. Headquartered in Corona, California, ESL serves commercial and industrial markets across the globe.

FOR SALE DETAILS

PRICE

$8,450,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg-6

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

55

LAND DETAILS

LAND ACRES

2.23

LAND SF

97,139

ZONING

M-4, Corona

APN/PARCEL ID

102-820-006

ASK ABOUT THIS PROPERTY

Sean BaneyCentennial AdvisersMore Info
714-501-3866

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Sean BaneyCentennial AdvisersMore Info
714-501-3866

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