110 N Third Ave - Warehouse FOR SALE


Upland, CA 91786
$17,349,000 USD
818-442-3221
110 N Third Ave, Upland, CA for Sale
$17,349,000 USD
Warehouse - FOR SALE
1/18
null | 6.6% Cap Rate

110 N Third Ave
Upland, CA 91786


HIGHLIGHTS

  • UNIQUE MULTI-TENANT INDUSTRIAL OPPORTUNITY
  • AVAILABLE FOR THE FIRST TIME IN 45 YEARS
  • CENTRAL LOCATION ONE BLOCK SOUTHEAST OF HISTORIC DOWNTOWN UPLAND
  • TOP PERFORMING INLAND EMPIRE INDUSTRIAL MARKET

OVERVIEW

UNIQUE MULTI-TENANT INDUSTRIAL OPPORTUNITY * Rare Upland industrial opportunity. This 91,877 SF historic packing house is being made available for the first time in 45 years. Former home of the Upland Citrus Association and one of the fourteen packing houses of the Ontario Cucamonga Fruit Exchange. * Diverse mix of six tenants with a weighted-average lease term of ±3.7 years. Offering near-term stability and the opportunity to increase rents to market over time. * Ideal space layout, with large ground floor warehouse, two-story office wing, and lower level commercial storage offering a flexible environment for a wide range of industrial uses and configurations. Generous yard area, sitting on approx. 1.9 acres with the ability to utilize additional yard space for storage or potential future building development/expansion. CENTRAL LOCATION * Unmatched central location, adjacent to the Upland Metro station with direct service to the Inland Empire, San Gabriel Valley, and Downtown Los Angeles. Located just one block southeast of Historic Downtown Upland with abundant retail and restaurant amenities. * Convenient access to major thoroughfares, blocks away from Route 66, 83 Highway, and the 10 & 210 Freeways. TOP PERFORMING INLAND EMPIRE INDUSTRIAL MARKET * Upland is one of the tightest industrial markets in the Inland Empire, with a 4.4 million square foot base boasting a 3.18% average vacancy rate over the last 3 years with no new product under construction. * The Inland Empire industrial market continues to cement itself as the nation’s top industrial market. Specifically, the West Inland Empire vacancy decreased to 5.5% in Q4 2024, a 10-basis point (bps) decrease from Q3 2024. * As a major hub for the US Supply chain and with proximity to the twin ports of Los Angeles and Long Beach, the Inland Empire accounted for over 61 million square feet leased with sales volume over $3B in the last 12 months.

FOR SALE DETAILS

PRICE

$17,349,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

12 Ft

DOCKS

9

DRIVE INS

6

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.8

LAND SF

78,408

ZONING

IC

APN/PARCEL ID

1046-581-01

ASK ABOUT THIS PROPERTY

Gerard PoutierCBRE, Inc.More Info
818-442-3221

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Gerard PoutierCBRE, Inc.More Info
818-442-3221

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