19116 North Walnut Drive, Rowland Heights, CA 91748

$7,086,000 Approx. USD 0 beds, 0 baths
30,032 sqft

Agent Remarks

* Unique Opportunity to acquire a 30,032 square foot, 100% NNN leased service commercial center with signage on the 60 Freeway in Rowland Heights, CA. * The property was developed specifically to meet the heavy automotive demand of one of the largest industrial sub markets in the country. Sitting on the Eastern periphery of the San Gabriel Valley, Rowland Heights is a supply-constrained market with few auto-designated zoning properties permitted and limited land available for development. An investor will benefit from both these factors as auto tenants in the market have few places to go. * Upside potential exists as the in-place rents are approximately 7.5% below market. In addition to the security of the location and the strength of 2020 Auto Body Tech, an investor will be in a favorable position to increase cash flow to market rates as the smaller tenants located at the property roll over. * The property is strategically located on the Pomona Freeway (I-60) at the critical intersection of Nogales St. and E. Walnut Dr. North. Rowland Heights and has an excellent amenity base. It is located within 1 mile of 41 Grocery Stores, 86 Restaurants, 34 Banks, 4 Hotels & Motels, and 22 Fitness, Recreational Sports Centers & Membership Organizations.

Listing Details

Property type: (Commercial)
Status: Active
MLS# OC16703354
List price is $7,086,000
Beds: 0
Baths: 0
Built in 1989
30,032 sqft
1.93 acres
Lot size: 84214.000
County: Los Angeles
MLS area: 699 - Not Defined

Last Updated: 9/16/2016

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.995140, -117.885513.
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Broker: Courtesy of Gary Stache Broker
Listing Agent: Gary Stache

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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