Vacant-User

Azusa Industrial/Warehouse - User Opportunity

720 N Todd Ave, Azusa, CA 91702

Listing Price: $3,850,000

Gross SF
15,244
Price/Gross SF
$252.56
Lot Size
0.60 acres
Year Built
2004
Rentable SF
15,244

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Azusa Industrial/Warehouse Building, a 15,244 square foot industrial property. The property is currently vacant and is an ideal owner/user opportunity. The City of Azusa is located in the San Gabriel Valley at the foot of the San Gabriel Mountains in Los Angeles County being 20 miles east of downtown Los Angeles. The subject property is an ideal owner/user opportunity that will enable a new owner to significantly reduce his or her renting costs by owning rather than leasing another property elsewhere. Simply put, given today’s historically low interest rates, a new owner’s mortgage payment would be effectively lower than paying rent somewhere else. Also, owning your own property will provide many tax savings advantages such as depreciation, interest expense and operating expense write-offs. The effective “rent” of ownership, meaning the mortgage payment per square foot is only $1.02/ Square Foot/Industrial Gross in comparison to market lease rates of $1.10- $1.15/Square Foot/Industrial Gross. Given this, it is more economical to own rather than lease another building. The Azusa Industrial Building is an attractive, contemporary reinforced concrete tilt-up construction that offers ideal street frontage and signage along Todd Avenue. The zoning is AZ M2, Manufacturing/Light Industrial. Additional building features include a ceiling height of 22 feet, one exterior drive-in (12 feet x 14 feet high), fire sprinklers and approximately 3,625 square feet of air-conditioned office space. Power consists of 800A/277- 480v 3 phase 4w Heavy. The property also has approximately 20 parking spaces. The property also has a second-floor mezzanine space that is not included in the square footage of the building. The City of Azusa is bordered by the San Gabriel Mountains range to the north, Irwindale to the west, the unincorporated community of Vincent to the southwest, Glendora and the incorporated community of Citrus to the east, and Covina to the south. The city has a total area of 9.7 square miles. Azusa lies along the Foothill Freeway (I-210) between the San Gabriel River Freeway (I-605) and the Orange Freeway (State Route 57). Azusa Avenue (State Route 39) extends from the Angeles National Forest starting at San Gabriel Canyon Road/ Sierra Madre Avenue south through Orange County. Major employers include Azusa Pacific University and Northrop Grumman.

Investment Highlights

  • Ideal Owner/ User or Value Added Opportunity; 15,244 SQ FT
  • Historically Low SBA Financing; 3.25% Interest, 10% Down Payment
  • Excellent Street Frontage, Signage, and Identity
  • Prime Location; Easy Freeway Access
  • 2004 Construction; 22 Foot Ceiling; Heavy Power; Sprinklered
  • More Economical to Own than to Lease Elsewhere

Exclusively Listed By

Vacant-User

Azusa Industrial/Warehouse - User Opportunity

Listing Price: $3,850,000

Gross SF
15,244
Price/Gross SF
$252.56
Lot Size
0.60 acres
Year Built
2004
Rentable SF
15,244

Investment Highlights

  • Ideal Owner/ User or Value Added Opportunity; 15,244 SQ FT
  • Historically Low SBA Financing; 3.25% Interest, 10% Down Payment
  • Excellent Street Frontage, Signage, and Identity
  • Prime Location; Easy Freeway Access
  • 2004 Construction; 22 Foot Ceiling; Heavy Power; Sprinklered
  • More Economical to Own than to Lease Elsewhere

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Azusa Industrial/Warehouse Building, a 15,244 square foot industrial property. The property is currently vacant and is an ideal owner/user opportunity. The City of Azusa is located in the San Gabriel Valley at the foot of the San Gabriel Mountains in Los Angeles County being 20 miles east of downtown Los Angeles. The subject property is an ideal owner/user opportunity that will enable a new owner to significantly reduce his or her renting costs by owning rather than leasing another property elsewhere. Simply put, given today’s historically low interest rates, a new owner’s mortgage payment would be effectively lower than paying rent somewhere else. Also, owning your own property will provide many tax savings advantages such as depreciation, interest expense and operating expense write-offs. The effective “rent” of ownership, meaning the mortgage payment per square foot is only $1.02/ Square Foot/Industrial Gross in comparison to market lease rates of $1.10- $1.15/Square Foot/Industrial Gross. Given this, it is more economical to own rather than lease another building. The Azusa Industrial Building is an attractive, contemporary reinforced concrete tilt-up construction that offers ideal street frontage and signage along Todd Avenue. The zoning is AZ M2, Manufacturing/Light Industrial. Additional building features include a ceiling height of 22 feet, one exterior drive-in (12 feet x 14 feet high), fire sprinklers and approximately 3,625 square feet of air-conditioned office space. Power consists of 800A/277- 480v 3 phase 4w Heavy. The property also has approximately 20 parking spaces. The property also has a second-floor mezzanine space that is not included in the square footage of the building. The City of Azusa is bordered by the San Gabriel Mountains range to the north, Irwindale to the west, the unincorporated community of Vincent to the southwest, Glendora and the incorporated community of Citrus to the east, and Covina to the south. The city has a total area of 9.7 square miles. Azusa lies along the Foothill Freeway (I-210) between the San Gabriel River Freeway (I-605) and the Orange Freeway (State Route 57). Azusa Avenue (State Route 39) extends from the Angeles National Forest starting at San Gabriel Canyon Road/ Sierra Madre Avenue south through Orange County. Major employers include Azusa Pacific University and Northrop Grumman.

Exclusively Listed By

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