Rowland St. Covina, CA | 254-260 E Rowland St
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Rowland St. Covina, CA 254-260 E Rowland St
6,829 SF 100% Leased Retail Building Covina, CA 91723 £1,548,018 (£227/SF) 5% Net Initial Yield
Investment Highlights
- 4 tenants exist, Pet Store, Lou's Glass, Docs Vacuum and Sewing, Beauty Services with great parking in the rear. Two blocks from Old Town area
- Great shopping in the old town area with lots of stores, restaurants and shopping.
Executive Summary
Coldwell Banker Commercial Real Estate is pleased to seize the opportunity to market this first time on market, investment property. The site features 4 retail/office users on Rowland Street in Covina, just two blocks from the the Old Town area shopping district. For those who like accessibility, the (10) freeway system is just 1/2 mile, south from the site, The prime location is surrounded by residential and commercial neighborhoods ensuring excellent proximity to the neighboring businesses. Built in 1958 with a 6776 sq.ft structure and a 11,205 sq. ft. lot size, whereby, the rear parking is very generous and accessible via the side street for Tenancy. We have a 100% occupancy rate with some of the Tenants having been in place, for many years. This site is well maintained with a newer roof on on the structure and the HVAC units are in good condition.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,829 SF
Building Class
C
Year Built
1958
Price
£1,548,018
Price Per SF
£227
Net Initial Yield
5%
NOI
£77,401
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.58
Land Acres
0.27 AC
Zoning
C3AY, Covina - City likes to have a CUP for certain users.
Parking
19 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Air Conditioning
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 8451-003-019 | Improvements Assessment | £332,460 (2024) |
| Land Assessment | £155,869 (2024) | Total Assessment | £488,329 (2024) |
PROPERTY TAXES
Parcel Number
8451-003-019
Land Assessment
£155,869 (2024)
Improvements Assessment
£332,460 (2024)
Total Assessment
£488,329 (2024)
-
John Faire -
Coldwell Banker Commercial Realty
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Rowland St. Covina, CA | 254-260 E Rowland St
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