525 North Howard Avenue
525 North Howard Avenue Covina, California 91723 United States

$1,399,000
 Get directions
 
MOTIVATED SELLER / RECENT PRICE REDUCTION / DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS.NNN Industrial Investment with long term tenancy. New 5 year leased signed in 2019 with 5% rental increases starting after year three (3). The industrial...
$1,399,000
Change Currency
.1491 Acres
Exterior
Commercial
Property type
1987
Year Built
IV22035750
Web Id
IV22035750
MLS ID
Covina-Valley Unified
School District
126
days ago

About 525 North Howard Avenue

MOTIVATED SELLER / RECENT PRICE REDUCTION / DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS.NNN Industrial Investment with long term tenancy. New 5 year leased signed in 2019 with 5% rental increases starting after year three (3). The industrial building is currently configured for food manufacturing. Excellent location, walking distance to downtown shops, and metro link station. Owner/tenant have option to cancel lease after 3 years for potential SBA buyers. The current tenant has occupied space for over 10 years. Industrial properties over the past several years have seen consistently high occupancy rates and superior rental rate growth. The pandemic has only continued to fuel continued growth of California industrial market. Current market condition and demand for industrial has lead to record low vacancy rates for industrial throughout California. The property is ideal for NNN Zero landlord responsibilities or endless possibilities for owner user including, manufacturing, food distribution, sales, development, and much more.

Listing Courtesy of LE INVESTMENT GROUP

features

cooling
Propane Heating
lot description
Level

PROPERTY INFORMATION

Heating
Forced Air
Water
Public

EXTERIOR

Construction
Masonite
Lot Description
Level, Near Park, Near Public Transit
Listing Courtesy of LE INVESTMENT GROUP
Listing Courtesy of LE INVESTMENT GROUP
Contact Agent