Bldg-6 | 2900 Palisades Ave
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Bldg-6 2900 Palisades Ave
25,921 SF 100% Leased Industrial Building Corona, CA 92880 £6,801,352 (£262/SF) 5.52% Net Initial Yield
Investment Highlights
- Rare Blue Chip STNL Industrial Investment
- High-image Corona Palisades Business Center
- Excellent access to major highways: 91 Freeway, I-15, and SR-71
- 4% Annual Increases Effective Q1 2025
- Central Southern California Gateway Location
Executive Summary
2900 Palisades Dr, Corona, is a high-image, industrial manufacturing facility located in the Corona Palisades Business Center. The building functions as a critical metal fabrication facility for ESL Power Systems, a Corona-based technology company utilizing state-of-the-art processes within advanced dust and debris containment systems. Notable upgrades include a new roof installed in 2022 and enhanced power capacity. At 27% building coverage, potential expansion opportunities subject to city standards may contribute to the property's longevity.
The property is offered as a leased investment, providing a stable income stream for investors and a strong hedge against inflation. The tenant ESL Power Systems, Inc has exercised an early 5-year renewal option demonstrating their commitment to the location. The current lease agreement spans 5+ years and operates under a triple net (NNN) structure.
ESL Power Systems, Inc is leading electrical manufacturer of safety-interlocked, cord-connected solutions since 1995. ESL applies its technical expertise and innovative designs to facilitate the ever expanding needs of the power distribution industry. ESL specializes in developing safety-interlocked solutions that provide safety, reliability, ease of use, and create greater efficiency in operation. Headquartered in Corona, California, ESL serves commercial and industrial markets across the globe.
The property is offered as a leased investment, providing a stable income stream for investors and a strong hedge against inflation. The tenant ESL Power Systems, Inc has exercised an early 5-year renewal option demonstrating their commitment to the location. The current lease agreement spans 5+ years and operates under a triple net (NNN) structure.
ESL Power Systems, Inc is leading electrical manufacturer of safety-interlocked, cord-connected solutions since 1995. ESL applies its technical expertise and innovative designs to facilitate the ever expanding needs of the power distribution industry. ESL specializes in developing safety-interlocked solutions that provide safety, reliability, ease of use, and create greater efficiency in operation. Headquartered in Corona, California, ESL serves commercial and industrial markets across the globe.
Property Facts
Price | £6,801,352 | Rentable Building Area | 25,921 SF |
Price Per SF | £262 | Number of Floors | 1 |
Sale Type | Investment | Year Built | 2001 |
Net Initial Yield | 5.52% | Parking Ratio | 2.12/1,000 SF |
Property Type | Industrial | Clear Ceiling Height | 24 ft |
Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 1 |
Building Class | B | Level Access Doors | 1 |
Lot Size | 2.23 AC |
Price | £6,801,352 |
Price Per SF | £262 |
Sale Type | Investment |
Net Initial Yield | 5.52% |
Property Type | Industrial |
Property Subtype | Manufacturing |
Building Class | B |
Lot Size | 2.23 AC |
Rentable Building Area | 25,921 SF |
Number of Floors | 1 |
Year Built | 2001 |
Parking Ratio | 2.12/1,000 SF |
Clear Ceiling Height | 24 ft |
No. Dock-High Doors/Loading | 1 |
Level Access Doors | 1 |
Amenities
- Fenced Lot
- Roof Lights
- Air Conditioning
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PROPERTY TAXES
Parcel Number | 102-820-006 | Improvements Assessment | £1,514,338 |
Land Assessment | £499,438 | Total Assessment | £2,013,777 |
PROPERTY TAXES
Parcel Number
102-820-006
Land Assessment
£499,438
Improvements Assessment
£1,514,338
Total Assessment
£2,013,777
zoning
Zoning Code | M-4, Corona (Industrial) |
M-4, Corona (Industrial) |
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Bldg-6 | 2900 Palisades Ave
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