526 W Monterey Avenue and 253 N Rebecca Street present the opportunity to acquire a fully leased industrial investment in Pomona, California, occupied by Parts Authority, LLC, a national automotive replacement parts distributor operating an extensive distribution network across the United States. The property consists of two industrial buildings situated on three separate parcels, including an additional secured yard and parking parcel that enhances operational flexibility and future repositioning potential.
The asset benefits from a lease structure that provides annual contractual rent growth through 2.50% yearly escalations and includes two five-year renewal options, extending potential occupancy through July 2040. Significant capital improvements completed in 2022 included HVAC replacement, new copper plumbing, ADA upgrades, new windows, and lighting enhancements, reducing near-term capital expenditure requirements for ownership.
Positioned at the corner of W Monterey Avenue and N Rebecca Street, the property offers immediate access to Interstate 10, State Routes 60, 71, and 57, connecting Los Angeles County with the Inland Empire's industrial and logistics corridors. The location places major employment centers, distribution routes, Ontario International Airport, and a large regional consumer base within convenient reach, supporting the tenant's operational model and long-term occupancy needs.