537 S Glendora Ave - Freestanding FOR SALE


West Covina, CA 91790
$4,695,000 USD
818-574-5132
537 S Glendora Ave, West Covina, CA for Sale
$4,695,000 USD
Freestanding - FOR SALE
1/11
null | 7.09% Cap Rate

537 S Glendora Ave
West Covina, CA 91790


HIGHLIGHTS

  • Perfect for Owner/User and can be delivered vacant with 60-day notice
  • Double drive thru lane in front can potentially be converted into additional 12 parking spaces
  • 68K+ VPD between S Glendora Ave & W Covina Parkway

OVERVIEW

For Sale is a single-tenant industrial/retail property located at 537 S Glendora Ave, West Covina, CA. It is currently occupied by FRSTeam, (Electronics, Textile, and Fabric Restoration Services). The tenant signed a 10-year lease in 2015 and their lease expires in May 2025 (Priced to Sell at $300/SF). The subject property offers a full drive way for ingress/egress directly off of S Glendora Ave at the front of the property and includes 8 parking spaces with roll-up gate for inventory pickups/drop-offs in the rear of the property. The property also features 8 Ionization rooms which are primarily used to clean and clear items from post fire/smoke odors. . It is strategically located on a major thoroughfare with direct access to the Interstate 10 (San Bernardino) freeway. The immediate area is composed of diverse uses including but not limited to restaurants, professional services, street retail and multiple regional malls. In addition to its central location, strong regional and local demographics in the area will ensure a secure income stream in the short and long term.

FOR SALE DETAILS

PRICE

$4,695,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

West Covina Cleaners - Owner/User Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,293 SF

ZONING

NC, West Covina

APN/PARCEL ID

8475-007-020

ASK ABOUT THIS PROPERTY

David LeibowitzIREA, Inc.More Info
818-574-5132

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David LeibowitzIREA, Inc.More Info
818-574-5132

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