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West Covina Cleaners - Owner/User Opportunity 537 S Glendora Ave

15,442 SF Retail Building West Covina, CA 91790 £3,709,097 (£240/SF) 7.09% Net Initial Yield

Investment Highlights

  • Perfect for Owner/User and can be delivered vacant with 60-day notice
  • 68K+ VPD between S Glendora Ave & W Covina Parkway
  • Double drive thru lane in front can potentially be converted into additional 12 parking spaces

Executive Summary

For lease or sale, is a 100% net leased, single-tenant industrial/retail property located at 537 S Glendora Ave, West Covina, CA. It is currently occupied by FRSTeam, (Electronics, Textile, and Fabric Restoration Services). The tenant signed a 10-year lease and has about 11 months remaining on the lease, but it can be delivered vacant by giving them a 60-day notice.
The subject property offers a full drive way for ingress/egress directly off of S Glendora Ave at the front of the property and includes 8 parking spaces with roll-up gate for inventory pickups/drop-offs in the rear of the property. The property also features 8 Ionization rooms which are primarily used to clean and clear items from post fire/smoke odors. . It is strategically located on a major thoroughfare with direct access to the Interstate 10 (San Bernardino) freeway. The immediate area is composed of diverse uses including but not limited to restaurants, professional services, street retail and multiple regional malls. In addition to its central location, strong regional and local demographics in the area will ensure a secure income stream in the short and long term.

Attachments

537 Glendora OM

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,442 SF
Building Class
C
Year Built
1960
Price
£3,709,097
Price Per SF
£240
Net Initial Yield
7.09%
NOI
£262,860
Tenancy
Single
Number of Floors
2
Building FAR
0.76
Land Acres
0.47 AC
Zoning
NC, West Covina - WCNC Commercial Zoning with Multiple Commercial Uses
Parking
12 Spaces (0.78 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 15,442 SF
  • Retail
  • Outparcel
  • 60 Days

First Floor: 4,730 SF Inside Parking 12 Storage Closets Roll Up Door to Rear Lot 7, 180 SF Bathrooms Break Room Two Offices Storage Space Second Floor 4,683 SF Floor Opening for Conveyor

Space Size Space Use Position Available
1st Floor 15,442 SF Retail Outparcel 60 Days

1st Floor

Size
15,442 SF
Space Use
Retail
Position
Outparcel
Available
60 Days

1st Floor

Size 15,442 SF
Space Use Retail
Position Outparcel
Available 60 Days

First Floor: 4,730 SF Inside Parking 12 Storage Closets Roll Up Door to Rear Lot 7, 180 SF Bathrooms Break Room Two Offices Storage Space Second Floor 4,683 SF Floor Opening for Conveyor

Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of Montreal
Starbucks
WW
Banc of California
Five Guys Burgers & Fries
Bank of America
Lucille's Smokehouse Bar-B-Que
Gold's Gym
Chicken Now
Lazy Dog Restaurant & Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8475-007-020
Land Assessment
£1,122,183
Improvements Assessment
£2,289,253
Total Assessment
£3,411,436
  • Listing ID: 30858068

  • Date on Market: 02/02/2024

  • Last Updated:

  • Address: 537 S Glendora Ave, West Covina, CA 91790

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