For Sale
$2,300,000

8318 Whittier Blvd Pico Rivera, CA 90660

11,000 SF Multi-Tenant Industrial

Overview

Added:
Dec 11, 2024
Days on market:
135
This Pico Rivera, CA industrial property offers a compelling owner-user or investment opportunity. Located on high-traffic Whittier Boulevard, this single-story, 11,000-square-foot building features nine units, each with a private bathroom and 10-foot ceilings. The property boasts a 6.30% cap rate and a pro-forma cap rate of 8.03%, with a current NOI of $145,000 and a pro-forma NOI of $184,800. Currently 100% occupied with month-to-month tenants, the property offers significant upside potential. The light manufacturing zoning allows for a wide range of uses. The 27,537-square-foot lot provides ample parking (30 spaces) and additional storage. The asking price is $2,300,000 ($209.09/SF and $255,555.56/unit). Phase 1 and Phase 2 environmental reports are complete. This fully fenced and secured property presents a rare chance to acquire a well-located, multi-tenant industrial asset with strong cash flow and growth potential.

Highlights

  • 11,000 SF single-story industrial building in Pico Rivera, CA, on high-traffic Whittier Boulevard.
  • Owner-user or investment opportunity with a 6.30% cap rate (pro-forma 8.03%), $145,000 NOI (pro-forma $184,800).
  • Nine units, each with a private bathroom and 10-foot ceilings; currently 100% occupied with month-to-month tenants.
  • Fully fenced and secured, with ample parking (30 spaces) on a 27,537 SF lot; light manufacturing zoning.
  • Asking price: $2,300,000 ($209.09/SF, $255,555.56/unit); Phase 1 and 2 environmental reports complete.

Property Details for 8318 Whittier Blvd

Property type
Warehouses, Industrial properties
Square Feet
11,000 SF
Class
C
Buildings
1
Stories
1
Units
9

Location Insight

City
Pico Rivera
County
Los Angeles
State
California
Latitude
34.005788640237
Longitude
-118.09400251008

FAQs

What type of property is this?
Warehouse - 11,000 SF Multi-Tenant Industrial
Where is the warehouse located?
The property is located at 8318 Whittier Blvd Pico Rivera, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 11,000 SF single-story industrial building in Pico Rivera, CA, on high-traffic Whittier Boulevard.; Owner-user or investment opportunity with a 6.30% cap rate (pro-forma 8.03%), $145,000 NOI (pro-forma $184,800).; Nine units, each with a private bathroom and 10-foot ceilings; currently 100% occupied with month-to-month tenants.
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8318 Whittier Blvd
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