130 E Railroad Ave - Auto Repair FOR SALE


Monrovia, CA 91016
$3,850,000 USD
949-793-5211
130 E Railroad Ave, Monrovia, CA for Sale
$3,850,000 USD
Auto Repair - FOR SALE
1/2
null | 2.27% Cap Rate

130 E Railroad Ave
Monrovia, CA 91016


HIGHLIGHTS

  • 14,800sf Industrial Building with 1,200sf of Office
  • Lot Size Approximately 32,261sf with 185' of E. Railroad Ave Frontage
  • Early Lease Termination for Tenant is Possible
  • Significant Rental Upside
  • Industrial/flex property ideal for manufacturing, distribution, or storage operations.
  • Convenient access to I-210 and major transportation corridors for regional distribution.

OVERVIEW

Located in the San Gabriel Valley submarket, a mere 19 miles from downtown Los Angeles, 130 E. Railroad Avenue in Monrovia is a 57-year-old, metal industrial building consisting of approximately 14,800 SF. The property is a fully occupied leased investment that has been occupied for the last 23 years by automotive repair company Ward Service. The lease is substantially below market, providing significant upside upon the tenant vacating. The property is also ideally situated for redevelopment. Being located in Monrovia’s Station Square Transit Village (PD-12), the site could be assembled to create not only a new industrial site but potentially even a mixed-use development with retail and multi-family ***PLEASE CALL BROKER FOR LISTING STATUS

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

2.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,261 SF

ZONING

MOM

APN/PARCEL ID

8513-011-032

ASK ABOUT THIS PROPERTY

John BibeauCityCom Real Estate ServicesMore Info
949-793-5211

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John BibeauCityCom Real Estate ServicesMore Info
949-793-5211

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