16125 Gale Avenue offers investors and owner/users a 24,000 SF
freestanding industrial building on 1.16 acres in the City of Industry, priced at
$6,300,000 ($263/SF), a basis below the property's owner/user value and
well under the cost to replace. The 1984 tilt up features 28' clear height, four
ground level doors, and 43 parking spaces on a hard corner Gale Avenue site
with direct access to the 10, 60, and 605 freeways.
The property is leased to Cupertino Electric, Inc. (CEI), a 70 year old, $1.9
billion electrical engineering and construction firm and a Quanta Services
(NYSE: PWR) company, through August 31, 2027, providing stable near-term
income with a defined runway to vacancy.
Adding to the flexibility, the building can be demised into two self contained
units, each with its own offices, restrooms, two ground level doors, and
dedicated parking, supporting an owner/user who occupies one half and
leases the other, or a two tenant income play. Finally, the property's position
within the active Aypa Power (Blackstone) Marici Battery Energy Storage
assemblage on Gale Avenue, where adjacent parcels traded at $449 to
$478/SF.