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201 Loranne Ave Pomona, CA 91767

18,950 SF, 6.70% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents two single-story, Class B industrial buildings totaling 18,950 square feet, situated on a combined 39,993 square foot lot in Pomona, CA. The property boasts a 100% occupancy rate with a corporate-guaranteed, single tenant NNN lease in place. The lease commenced January 1, 2023, and has a remaining term of 5.1 years, expiring December 31, 2029, with two lease options available. The current annual net operating income (NOI) is $341,833, yielding a 6.70% cap rate. The property features four dock-high loading doors, four loading docks, and a 27-foot ceiling height. Conveniently located near the 10, 71, and 60 freeways, this property offers a strategic location with easy access to major transportation routes. The buildings are zoned M1 and include a private fenced yard. The sale price is $2,447,500 per unit, with a 3% annual rent bump built into the lease. The property consists of two buildings located at 201 and 204 N Loranne Ave, Pomona, CA 91767, with APN numbers 8326-018-029, 8326-021-032, and 8326-021-009. This is a rare opportunity to acquire a stable, high-performing cold storage facility with significant upside potential. The property is ideally suited for a long-term, passive income investment strategy.

Highlights

  • Year 1 Cap Rate: 5.53%
  • Year 2 Cap Rate: 5.72%
  • Year 3 Cap Rate: 7.02%
  • Year 4 Cap Rate: 7.18%
  • Year 5 Cap Rate: 7.40%
  • Year 6 Cap Rate: 7.62%

Property Details for 201 Loranne Ave

Property type
Warehouses, Refrigeration & cold storage
Square Feet
18,950 SF
Class
B
Buildings
2
Stories
1
Units
2

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.060331676541
Longitude
-117.7305519362

FAQs

What type of property is this?
Warehouse - 18,950 SF, 6.70% Cap Rate, NNN Lease
Where is the warehouse located?
The property is located at 201 Loranne Ave Pomona, CA.
What are key features of this property?
This property features: Year 1 Cap Rate: 5.53%; Year 2 Cap Rate: 5.72%; Year 3 Cap Rate: 7.02%
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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201 Loranne Ave
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