1965 Potrero Grande Dr
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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.
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 | Lot Size | 1.63 AC |
Price Per SF | $359 CAD | Rentable Building Area | 30,025 SF |
Sale Type | Investment or Owner User | No. Stories | 1 |
Cap Rate | 6.10% | Year Built | 1989 |
Property Type | Industrial | Parking Ratio | 2.83/1,000 SF |
Property Subtype | Service | Clear Ceiling Height | 14 ft |
Building Class | C |
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 |
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PROPERTY TAXES
Parcel Number | 5276-022-022 | Improvements Assessment | $3,215,274 CAD |
Land Assessment | $5,669,624 CAD | Total Assessment | $8,884,898 CAD |
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) |
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1965 Potrero Grande Dr
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