INDUSTRIAL BUILDING FOR SALE - 100% LEASED

Industrial for Sale
Catylist Listing ID: 30356486
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 16,976 SF
Gross Land Area: 45,738 SF
Sale Price: $1,700,000
Unit Price: $100.14 PSF
Ceiling: 16 ft. Clear
Docks/Doors: 9 Doors
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.1%
Average Occupancy Rate: 100
Last Updated: 12/4/2018

Overview / Comments

The building is a multi tenant concrete tilt up industrial building that is 100% leased to five (5) tenants.The property was totally renovated in 2016. The new exterior improvements included a new roof, HVAC units, evaporative coolers, LED light fixtures, painting, paving and striping of parking areas and drought tolerant desert landscaping with drip irrigation.
The interior improvements included new flooring in the offices, new painted walls in the offices, restrooms and warehouse areas and new restroom fixtures. The warehouse areas have foil ceilings, skylights and chain hung fluorescent lighting.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 611-410-044
Zoning: M
Property Located Between: Commerce Street and Avenue 45
Highway Access: The property has close easy access to Interstate 10 via Golf Center Parkway.
Site Description: Located in a business/industrial park
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1987
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Ratio: 2.6 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 45
Sprinklers: None
Air Conditioning: Package Unit
Lighting: Fluorescent
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,456 82,849 138,520
Median Age: 25.81 29.4 32.28
Households: 2,821 22,481 40,390

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