1965 Potrero Grande Dr
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1965 Potrero Grande Dr
30,025 SF 100% Leased Industrial Building Monterey Park, CA 91755 £6,011,250 (£200/SF) 6.10% Net Initial Yield
Executive Summary
One Stop Financial Consulting, Inc. is pleased to offer the rare opportunity to acquire a 30,025-square-foot multi-tenant Retail/Industrial investment building. In its current configuration, the property has 14 units, occupied by 7 tenants. Built-in 1990, this is a unique retail investment/owner-user opportunity in the surrounding area near Monterey Park.
There are currently 7 tenants, with the owner occupying around 15,300 SF (Units L, M, and N), representing 51% of the building. This is Ideal owner-user space for a furniture store, service/maintenance center, home improvement-related businesses, and other retail stores with big warehouse/showroom space. The buyer may obtain SBA /504 financing by occupying Units L, M, and N or buying the building as an investment property with an upside potential rental income.
The subject property is on a 1.63-acre lot in Monterey Park with 85 parking spaces and an ideal location for multi-unit apartments or senior housing projects.
There are currently 7 tenants, with the owner occupying around 15,300 SF (Units L, M, and N), representing 51% of the building. This is Ideal owner-user space for a furniture store, service/maintenance center, home improvement-related businesses, and other retail stores with big warehouse/showroom space. The buyer may obtain SBA /504 financing by occupying Units L, M, and N or buying the building as an investment property with an upside potential rental income.
The subject property is on a 1.63-acre lot in Monterey Park with 85 parking spaces and an ideal location for multi-unit apartments or senior housing projects.
Property Facts
| Price | £6,011,250 | Lot Size | 1.63 AC |
| Price Per SF | £200 | Rentable Building Area | 30,025 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Net Initial Yield | 6.10% | Year Built | 1989 |
| Property Type | Industrial | Parking Ratio | 2.83/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 14 ft |
| Building Class | C |
| Price | £6,011,250 |
| Price Per SF | £200 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6.10% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 1.63 AC |
| Rentable Building Area | 30,025 SF |
| Number of Floors | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.83/1,000 SF |
| Clear Ceiling Height | 14 ft |
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PROPERTY TAXES
| Parcel Number | 5276-022-022 | Improvements Assessment | £1,792,125 |
| Land Assessment | £3,160,128 | Total Assessment | £4,952,252 |
PROPERTY TAXES
Parcel Number
5276-022-022
Land Assessment
£3,160,128
Improvements Assessment
£1,792,125
Total Assessment
£4,952,252
zoning
| Zoning Code | C-S (Commercial Miscellaneous) |
| C-S (Commercial Miscellaneous) |
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1965 Potrero Grande Dr
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