Warehouse

1279-1295 E 7th street

1279-1295 E 7th street, Upland, CA 91786

Listing Price: $1,765,000

Cap Rate
2.50%
Gross SF
10,757
Price/Gross SF
$164.08
Lot Size
0.70 acres
Year Built
1967
Rentable SF
10,757

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Stewart Industrial Complex located in Upland, California. The City of Upland is located approximately 40 miles east of the City of Los Angeles. Interstate 10 runs along Upland's boundary with Ontario, and connects Upland with Los Angeles to the west and San Bernardino the east. The east-west running Interstate 210 runs through the northern part of Upland, connecting to Pasadena to the west and San Bernardino to the east. Upland is bordered on the east by Rancho Cucamonga, to the south by Ontario and Montclair, to the west by Claremont, and to the north by the unincorporated community of San Antonio Heights. The Stewart Industrial Complex offers easy access to the Interstate 10 freeway, as well as featuring shopping, restaurants, banking and other services. The Stewart Industrial Complex is an 10,757 square foot, single-story industrial warehouse property. The property was built is 1967 and occupies a 0.70 acre parcel. The building features five units ranging from 1,228 to 3,302 square feet. Street frontage along 7th Street is nearly 200 feet. Each unit has one drive-in roll-up door and restrooms. The building consists of concrete block construction with a flat composition roof. The roof as of November 2020 has been redone with white mastic that has been installed by a licensed roofing contractor except for the portion over the warehouse of Unit 1295. New exterior LED lighting for the building was also installed by an electrical contractor. The building was newly painted in 2020 as well. This value-added asset will give the new ownership the ability to either reposition and/or occupy a portion of the property. Most of the leases are currently on a month-to-month basis. An owner/user may also be able to obtain very favorable Small Business Administration (SBA) financing and take advantage of rates as low as 3.25% with a 10% down payment. Effectively, it will be more economical to own the building rather than to lease space elsewhere considering today’s historically low interest rates as well as the potential tax advantages of real estate ownership.

Investment Highlights

  • Ideal Owner/User or Value-Added Investment
  • Low Lease Rates; Significant Rental Upside
  • Low Cost Per Foot - $164; Great Street Frontage
  • Historically Low Interest Rates; SBA Financing with 10% Down Payment
  • Effective "Rent" of Ownership only $0.40/SqFt/IG
  • More Economical to Own then to Lease Elsewhere

Exclusively Listed By

Listing Price: $1,765,000

Cap Rate
2.50%
Gross SF
10,757
Price/Gross SF
$164.08
Lot Size
0.70 acres
Year Built
1967
Rentable SF
10,757

Investment Highlights

  • Ideal Owner/User or Value-Added Investment
  • Low Lease Rates; Significant Rental Upside
  • Low Cost Per Foot - $164; Great Street Frontage
  • Historically Low Interest Rates; SBA Financing with 10% Down Payment
  • Effective "Rent" of Ownership only $0.40/SqFt/IG
  • More Economical to Own then to Lease Elsewhere

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Stewart Industrial Complex located in Upland, California. The City of Upland is located approximately 40 miles east of the City of Los Angeles. Interstate 10 runs along Upland's boundary with Ontario, and connects Upland with Los Angeles to the west and San Bernardino the east. The east-west running Interstate 210 runs through the northern part of Upland, connecting to Pasadena to the west and San Bernardino to the east. Upland is bordered on the east by Rancho Cucamonga, to the south by Ontario and Montclair, to the west by Claremont, and to the north by the unincorporated community of San Antonio Heights. The Stewart Industrial Complex offers easy access to the Interstate 10 freeway, as well as featuring shopping, restaurants, banking and other services. The Stewart Industrial Complex is an 10,757 square foot, single-story industrial warehouse property. The property was built is 1967 and occupies a 0.70 acre parcel. The building features five units ranging from 1,228 to 3,302 square feet. Street frontage along 7th Street is nearly 200 feet. Each unit has one drive-in roll-up door and restrooms. The building consists of concrete block construction with a flat composition roof. The roof as of November 2020 has been redone with white mastic that has been installed by a licensed roofing contractor except for the portion over the warehouse of Unit 1295. New exterior LED lighting for the building was also installed by an electrical contractor. The building was newly painted in 2020 as well. This value-added asset will give the new ownership the ability to either reposition and/or occupy a portion of the property. Most of the leases are currently on a month-to-month basis. An owner/user may also be able to obtain very favorable Small Business Administration (SBA) financing and take advantage of rates as low as 3.25% with a 10% down payment. Effectively, it will be more economical to own the building rather than to lease space elsewhere considering today’s historically low interest rates as well as the potential tax advantages of real estate ownership.

Exclusively Listed By

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