525 N Howard Ave - Warehouse FOR SALE
Covina, CA 91723 |
525 N Howard Ave
Covina, CA 91723
HIGHLIGHTS
- Absolute NNN Tenant. ZERO landlord responsibilities. / 3+ years remaining on lease. Ease of management. / DRIVE BY ONLY / PLEASE DO NOT DISTURB TENANT
- Under Market Rent. Rent Comparables at $1.25 - $1.50 per foot. Current Cap rate is 3.90, Proforma Cap Rate at 4.75 at $1.25 Per Foot
- 1st Floor - 185 Sqft. cold storage / 185 Sqft. Freezer / 400 Sqft. loading / 12'X10' Loading doors + processing/kitchen. Buyer to verify Sqft est.
- 2nd Floor featues Kitchen/breakroom/USDA office/Storage/Private Offices/Executive Office (375 Sqft.)/Bathroom. Buyer to verify Sqft est.
- Built-in Rental Increases. Tenant has occupied this space for 10+ years / Great location near downtown Covina & Metro Link commuter rail.
- USDA food processing facility with improvements. Front parking and rear cargo door. With USDA field office at location (2nd floor).
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1987
UTILITIES
Heating
CLEAR CEILING HT
10 Ft
DOCKS
2
DRIVE INS
1
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
8430-023-017
