Foothill Business Park
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Foothill Business Park
2 Properties Offered at £5,956,950 in Irwindale, CA
Investment Highlights
- 100% OCCUPIED WITH STRONG HISTORICAL OCCUPANCY
- INCREDIBLY STRONG MARKET DYNAMICS - SAN GABRIEL VALLEY
- STRONG LEASING ACTIVITY WITH 3 RECENT RENEWALS & 2 NEW LEASES
- STRATEGIC INDUSTRICAL LOCATION WITH EXCELLENT REGIONAL ACCESS
Executive Summary
* 100% occupied with a strong historical occupancy with ±9.31 years of weighted average lease term from inception
* Mark to market opportunity with a WALT of ±2.3 years and ±8.0% below market rents
* Strong leasing activity: 3 recent renewals and 2 new leases
* The Property is located in one of the strongest industrial markets in the country. In Q4 2023, Los Angeles recorded one of the lowest vacancy rates in the country (1.8%) and rents in the San Gabriel Valley submarket experienced a 66% 3-year YoY increase.
* Significantly below replacement cost which is estimated to be approximately $631 PSF
* Attractive unit sizes ranging from 1,176 SF to 5,328 SF
* Located in the City of Irwindale with access to executive & affordable housing and large labor bases
* High demand small bay space with no competing construction in San Gabriel Valley (less than 25,000 SF)
* Proximate to I-210, I-605, I-57 and I-10
* Mark to market opportunity with a WALT of ±2.3 years and ±8.0% below market rents
* Strong leasing activity: 3 recent renewals and 2 new leases
* The Property is located in one of the strongest industrial markets in the country. In Q4 2023, Los Angeles recorded one of the lowest vacancy rates in the country (1.8%) and rents in the San Gabriel Valley submarket experienced a 66% 3-year YoY increase.
* Significantly below replacement cost which is estimated to be approximately $631 PSF
* Attractive unit sizes ranging from 1,176 SF to 5,328 SF
* Located in the City of Irwindale with access to executive & affordable housing and large labor bases
* High demand small bay space with no competing construction in San Gabriel Valley (less than 25,000 SF)
* Proximate to I-210, I-605, I-57 and I-10
Property Facts
| Price | £5,956,950 | Number of Properties | 2 |
| Price / SF | £195.91 / SF | Individually For Sale | 0 |
| Net Initial Yield | 5.95% | Total Building Size | 30,406 SF |
| Sale Type | Investment | Total Land Area | 2.32 AC |
| Status | Active |
| Price | £5,956,950 |
| Price / SF | £195.91 / SF |
| Net Initial Yield | 5.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 30,406 SF |
| Total Land Area | 2.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6621-6631 Calle Eva Miranda, Irwindale, CA 91702 | Light Industrial | 16,641 SF | 1981 | - |
| 16000-16016 E Foothill Blvd, Irwindale, CA 91702 | Industrial | 13,765 SF | 1981 | - |
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Mark Shaffer -
Power Broker Anthony DeLorenzo -
Nick Williams -
Dylan Rutigliano -
Gerard Poutier -
CBRE, Inc.
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Foothill Business Park
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