Description
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.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-18T22:30:29.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | Just Listed So Cal. Licensed in the State of California, USA.