Skip To Content

525 N Howard Avenue

Covina, CA 91723
  • $1,399,000
  • STATUS: Active
  • ON SITE: 85 Days
  • ID#: IV22035750
UPDATED: 59 min ago
$1,399,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1987
County:
Area:

School Ratings & Info

Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)


Description

MOTIVATED SELLER / RECENT PRICE REDUCTION / DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS.NNN Industrial Investment with long term tenancy. New 5 year leased signed in 2019 with 5% rental increases starting after year three (3). The industrial building is currently configured for food manufacturing. Excellent location, walking distance to downtown shops, and metro link station. Owner/tenant have option to cancel lease after 3 years for potential SBA buyers. The current tenant has occupied space for over 10 years. Industrial properties over the past several years have seen consistently high occupancy rates and superior rental rate growth. The pandemic has only continued to fuel continued growth of California industrial market. Current market condition and demand for industrial has lead to record low vacancy rates for industrial throughout California. The property is ideal for NNN Zero landlord responsibilities or endless possibilities for owner user including, manufacturing, food distribution, sales, development, and much more.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T08:27:02.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
www.thealvaradobrothers.com/homes/126076556
Print Image

525 N Howard Avenue Covina, CA 91723

  • Price: $1,399,000
  • Status: Active
  • On Site: 85 Days
  • Updated: 59 min ago
  • ID#: IV22035750
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1987
Built
Neighborhood:
614 - Covina
County:
Los Angeles
Area:
614 - Covina
Property Description
MOTIVATED SELLER / RECENT PRICE REDUCTION / DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS.NNN Industrial Investment with long term tenancy. New 5 year leased signed in 2019 with 5% rental increases starting after year three (3). The industrial building is currently configured for food manufacturing. Excellent location, walking distance to downtown shops, and metro link station. Owner/tenant have option to cancel lease after 3 years for potential SBA buyers. The current tenant has occupied space for over 10 years. Industrial properties over the past several years have seen consistently high occupancy rates and superior rental rate growth. The pandemic has only continued to fuel continued growth of California industrial market. Current market condition and demand for industrial has lead to record low vacancy rates for industrial throughout California. The property is ideal for NNN Zero landlord responsibilities or endless possibilities for owner user including, manufacturing, food distribution, sales, development, and much more.
Exterior Features

Construction Materials Masonite Lot Features LevelNear ParkNear Public Transit Roof Flat

Interior Features

Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Business Type Food & BeverageWarehouse Common Interest None Community Features Park Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Net Operating Income 76245 Property Sub Type Warehouse Security Features Security SystemClosed Circuit Camera(S) Special Listing Conditions Standard Tax Annual Amount 16788 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-20T08:27:02.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368215031-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368215031-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368215031-1.jpg
Logo
The Alvarado Brothers | Ever Stewart Alvarado Broker
1800 N Bristol St, Suite C135
Santa Ana CA, 92706
Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)