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1965 Potrero Grande Dr

30,025 SF 100% Leased Industrial Building Monterey Park, CA 91755 $10,773,375 CAD ($359 CAD/SF) 6.10% Cap Rate

Executive Summary

One Stop Financial Consulting, Inc. is pleased to offer the rare opportunity to acquire a 30,025-square-foot multi-tenant Retail/Industrial investment building. In its current configuration, the property has 14 units, occupied by 7 tenants. Built-in 1990, this is a unique retail investment/owner-user opportunity in the surrounding area near Monterey Park.
There are currently 7 tenants, with the owner occupying around 15,300 SF (Units L, M, and N), representing 51% of the building. This is Ideal owner-user space for a furniture store, service/maintenance center, home improvement-related businesses, and other retail stores with big warehouse/showroom space. The buyer may obtain SBA /504 financing by occupying Units L, M, and N or buying the building as an investment property with an upside potential rental income.
The subject property is on a 1.63-acre lot in Monterey Park with 85 parking spaces and an ideal location for multi-unit apartments or senior housing projects.

Property Facts

Price $10,773,375 CAD
Price Per SF $359 CAD
Sale Type Investment or Owner User
Cap Rate 6.10%
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 1.63 AC
Rentable Building Area 30,025 SF
No. Stories 1
Year Built 1989
Parking Ratio 2.83/1,000 SF
Clear Ceiling Height 14 ft

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5276-022-022
Land Assessment
$5,669,624 CAD
Improvements Assessment
$3,215,274 CAD
Total Assessment
$8,884,898 CAD

zoning

Zoning Code C-S (Commercial Miscellaneous)
C-S (Commercial Miscellaneous)
  • Listing ID: 34394774

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 1965 Potrero Grande Dr, Monterey Park, CA 91755

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