Covina CA Real Estate & Commercial for Sale

MOTIVATED SELLER / RECENT PRICE REDUCTION / DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS.NNN Industrial Investment with long term tenancy. New 5 year leased signed in 2019 with 5% rental increases starting after year three (3). The industrial building is currently configured for food manufacturing. Excellent location, walking distance to downtown shops, and metro link station. Owner/tenant have option to cancel lease after 3 years for potential SBA buyers. The current tenant has occupied space for over 10 years. Industrial properties over the past several years have seen consistently high occupancy rates and superior rental rate growth. The pandemic has only continued to fuel continued growth of California industrial market. Current market condition and demand for industrial has lead to record low vacancy rates for industrial throughout California. The property is ideal for NNN Zero landlord responsibilities or endless possibilities for owner user including, manufacturing, food distribution, sales, development, and much more.

The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 man and 2 woman restroomsParking spaces: 48 + 2 handicap

LOCATION, LOCATION, LOCATION.......Unbelievable Business or Investment opportunity. Over 18,000 square foot lot, with 11 existing parking spaces with potential to add 30 spaces in the rear of the building with some additional upgrades. Bring your imagination for this one. Currently operating as a child day care facility. The possibilities are endless. Zoning C-P Professional Offices, Has Potential use for Real Estate Office, IT Office, Adult Care Facility, Professional Services, Showroom, Accounting/CPA Office, the uses are endless. Great Exposure and excellent drive by traffic from nearby businesses of Home Improvement Warehouse, Hotels, Parks, Restaurants, Apartments, Hospital, Schools and Grocery Stores. Convenient access to 210, 605, 10 and 57 freeways. Existing Building offers 6 private rooms/spaces, 3 bathrooms, Full Kitchen and Large eating area with Large outdoor Storage Shed. This fabulous Day Care is waiting for your conversion and creative ideas. Make this place your next business MOVE.