16000 Foothill Blvd Irwindale, CA 91702

This exceptional investment opportunity presents a fully leased, multi-tenant industrial portfolio situated in the prime San Gabriel Valley location of Irwindale, CA. Comprising 30,907 square feet across eleven units within a single building on a 2.33-acre lot, this property boasts 14 loading docks and ample parking for 90 vehicles. Built in 1981, the building features a desirable 14-foot ceiling height. The property enjoys a 6.00% cap rate and is currently 100% occupied, offering immediate cash flow. Unit sizes range from approximately 1,176 square feet to 5,328 square feet, catering to a diverse tenant base. The strategic location provides easy access to major freeways including the I-210, I-605, I-57, and I-10, ensuring excellent connectivity throughout Southern California. With a weighted average lease term of approximately 9.31 years from inception and in-place rents approximately 8.0% below market, this portfolio presents a significant mark-to-market opportunity with a weighted average lease term of approximately 2.3 years. The property's location in Irwindale offers access to both executive and affordable housing, along with a substantial labor pool. The asking price is $7,550,000. This represents a compelling investment in a high-demand submarket with limited new development and significantly below replacement cost, estimated at approximately $631 per square foot. Recent leasing activity includes three renewals and two new leases, demonstrating strong market demand.