Marcus & Millichap Real Estate Investment Services is pleased to exclusively market for-sale the fee-simple interest of Enterprise Truck Rental Services located at 1528 Washington Boulevard, Montebello, California. Centrally located within Los Angeles County the subject property is situated within an industrial area with close proximities to several freeways. The demand for truck rentals only continues to grow as the industrial sector continues to expand within LA County.
Enterprise Truck Rental is effectively a ground lease and comprises of a rectangular-shaped, industrial zoned (M1, Light Industrial, Light Manufacturing) site of 37,834 square feet (0.87 acres). The improvements consist of a 625 SF, 1-story office building and a 1,665 SF canopy structure built in 2011 and 2015 respectively. There is one 50 foot-wide curb cut and one 30 foot-wide curb cut off Washington Blvd. The site is used as a truck rental facility.
The subject property’s current rental rate of $0.38 PSF (NNN) is based on the entire property and would be considered low in today’s market, thus, offering significant future rental upside. The property also presents itself as a prime future industrial redevelopment opportunity.
Please DO NOT disturb the tenant. For further information, please contact the listing agents.