1528 W Washington Blvd - Warehouse FOR SALE


Montebello, CA 90640
$3,100,000 USD
949-466-6088
1528 W Washington Blvd, Montebello, CA for Sale
$3,100,000 USD
Warehouse - FOR SALE
1/4
null | 4.29% Cap Rate

1528 W Washington Blvd
Montebello, CA 90640


HIGHLIGHTS

  • Enterprise Rent-A-Car: Single Tenant Net Leased Corporate Investment
  • 4.30% Capitalization Rate; Only $82/SF Land Cost
  • Tenant Just Executed Their First 5-Year Option
  • Very Strong Real Estate Fundamentals; Industrial Zoning & Area
  • Future Rental Upside-Low Rental Rate, Only $0.38/SF Land

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$3,100 USD /SF

CAP RATE

4.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.87

LAND SF

37,832

ZONING

M1

APN/PARCEL ID

6353-014-008

ASK ABOUT THIS PROPERTY

Drew WetherholtMarcus & MillichapMore Info
949-466-6088

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Drew WetherholtMarcus & MillichapMore Info
949-466-6088

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