1061 Melrose StPlacentia, CA 92870

This exceptional 16,150-square-foot industrial property, located at 1061 S Melrose St, Placentia, CA 92870, presents a compelling investment or owner-user opportunity. The property features a single-story, 1974-built building renovated in 2007, boasting a 16-foot ceiling height and three loading docks. The 7,950 square feet of manufacturing/warehouse space is complemented by a highly upgraded 8,200 square foot office area, including 16 offices, 5 bathrooms, a research and development lab, a server room, storage room, and a full kitchen. The property sits on a 34,412 square foot lot, zoned M1, and offers ample parking (32 spaces per 1,000 sq ft). Currently 100% occupied by a single tenant under a 5-year NNN lease with a negotiable extension, the property generates a strong NOI of $360,000, resulting in a 5.75% cap rate. The tenant, a global hair product manufacturer and distributor, has occupied the premises since 2007 and is open to relocation for a qualified owner-user. This fee-simple offering is priced at $6,250,000 ($387/sq ft). The property's strategic location in Orange County, blocks from the 57 and 91 freeways, provides excellent access to major transportation arteries. This is a rare opportunity to acquire a high-performing industrial asset with significant upside potential.