* 5 Cap Potential. Very few in the region under $300 psf ($289sf) - See OM attached
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TVM Commercial Realty Group is proud to offer this Rare 13,500 sf Multi-Tenant Industrial Investment in Glendora, California. Glendora currently has No Industrial Vacancy City Wide! This property has great potential, Tenants are month to month or expiring 2025, so there is near term opportunity to bring to full rent potential. The property is located across the street from the Brand New Metrolink Station for commuters and walking distance to Restaurants and Shops in “The Village” a very popular area. Most rents are substantially below market value and there is strong future income growth potential. Building constructed in 1977 by the Meissenburg Family, this property has only had 2 owners in its history.
This property features:
• 11 Units see attached for breakdown
• Current and Potential Rents and Expenses See attached
• APN: 8639-021-026
• Year Built: 1977
• Total SF: 13,500 (Title) apx, 2,000
• sf of Bonus Mezzanine (Not counted in 13,500)
• Lot Size: 33,224 sf
• Parking: 44 Spaces re-surfaced and re-striped, 2022 – Gated w/ (1) electric entrance gate and (1) electric exit gate.
• Roof – re-roofed with reflective white roof coating, 2009. ?
• Power – 3-phase, 208/120V with ( 11 ) 200 Amp sub panels within units.
• Current Zone TCMU allows for Industrial Uses
• Video surveillance around building.
• Building has ( 11 ) window A/C units & ( 4 ) central A/C units.