For Sale
$3,500,000

77110 Harrison StThermal, CA 92274

64,950 SF Cold Storage, $3.5M

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 64,950-square-foot cold storage and packing facility in Thermal, California, presents a compelling investment opportunity. Situated on a 40-acre parcel, the property boasts 25,350 square feet of climate-controlled storage and warehouse space, complemented by a 38,400-square-foot attached shade structure. The facility also includes 1,200 square feet of office and conference space, enhancing its functionality. Built in 1989 and extensively renovated in 2014, the property features 4 dock-high roll-up doors and a ceiling height ranging from 17 to 22 feet, ensuring efficient operations. The property benefits from a robust power supply of 1,000 amps. Additional income streams are generated by a cell tower and an agricultural lease. Located at the strategic intersection of Harrison Street, 77th Avenue, and Pierce Street, this facility enjoys convenient access to major transportation routes. The property is zoned W-2 and is located within an Opportunity Zone, offering potential tax advantages. The current lease, a NNN single-tenancy agreement, has a remaining term of approximately 1.6 years, expiring June 30, 2026, with an annual rent increase to $1,000 effective July 1, 2024. The APN is 755-190-013. This is a rare opportunity to acquire a well-maintained, income-producing cold storage facility in a prime location.

Highlights

  • 64,950 SF cold storage & packing facility on 40 acres in Thermal, CA.
  • 25,350 SF climate-controlled space plus 38,400 SF attached shade structure.
  • 1,200 SF of office space.
  • 4 dock-high doors, 17-22' ceiling height, 1,000 amp power.
  • NNN lease with 1.6 years remaining (expiring 6/30/2026), annual rent increase to $1,000 effective 7/1/2024.
  • Located in Opportunity Zone with additional income from cell tower & agricultural lease.

Property Details for 77110 Harrison St

Property type
Warehouses, Refrigeration & cold storage
Square Feet
64,950 SF
Year Built/Renovated
1989/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
1,742,400 SF
Units
1

Location Insight

City
Thermal
County
Riverside
State
California
Latitude
33.490755
Longitude
-116.1114769
77110 Harrison St, Thermal, California

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77110 Harrison St
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