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West Covina Cleaners - Owner/User Opportunity | 537 S Glendora Ave
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West Covina Cleaners - Owner/User Opportunity 537 S Glendora Ave
15,442 SF Retail Building West Covina, CA 91790 $6,147,625 CAD ($398 CAD/SF) 7.83% Cap Rate
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INVESTMENT HIGHLIGHTS
- Perfect for Owner/User and can be delivered vacant with 60-day notice
- 68K+ VPD between S Glendora Ave & W Covina Parkway
- Double drive thru lane in front can potentially be converted into additional 12 parking spaces
- Motivated Seller | $275 Per Square Foot
EXECUTIVE SUMMARY
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) and can be a great space for an owner-user. It is priced to sell at $275 Per Square Foot!
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,442 SF
Building Class
C
Year Built/Renovated
1960/2005
Price
$6,147,625 CAD
Price Per SF
$398 CAD
Cap Rate
7.83%
NOI
$481,294 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.47 AC
Zoning
NC, West Covina - WCNC Commercial Zoning with Multiple Commercial Uses
Parking
12 Spaces (0.78 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 8475-007-020 | Improvements Assessment | $4,115,115 CAD |
Land Assessment | $2,017,213 CAD | Total Assessment | $6,132,327 CAD |
PROPERTY TAXES
Parcel Number
8475-007-020
Land Assessment
$2,017,213 CAD
Improvements Assessment
$4,115,115 CAD
Total Assessment
$6,132,327 CAD
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West Covina Cleaners - Owner/User Opportunity | 537 S Glendora Ave
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