Freestanding Industrial Distribution
10220-10232 Norris Ave Pacoima, CA 91331
For Sale
Contact for pricing
Freestanding industrial building with 7 ground-level loading doors, heavy power (800 amps), and a paved yard.
Property Size60,000 SF
Price / SF$333.33
Days on Market86
Property Features for 10220-10232 Norris Ave
General Information
Standard status
Active
Size
60,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE
(818) 406-3658
Listed By:
Greg Barsamian · License #00873206
(818) 406-3658
Source:
Moodyscre
Added: May 5
Changed: Jul 28
Last Checked: Jul 28 at 6:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
A freestanding industrial distribution building featuring seven ground-level loading doors and a paved yard for site operations. The property offers 22' clear height and heavy electrical service (800 amps), supporting logistics and industrial use where higher power capacity matters.
The asset is located at 10220–10232 Norris Ave in Pacoima, CA, and is presented for sale as a single building.
Designed for functional movement and storage, the configuration combines loading access with meaningful clear height and heavy power capacity.
The asset is located at 10220–10232 Norris Ave in Pacoima, CA, and is presented for sale as a single building.
Designed for functional movement and storage, the configuration combines loading access with meaningful clear height and heavy power capacity.
Key Highlights
- Freestanding industrial building known as The Hub Exchange
- 7 ground‑level loading doors
- Heavy power service: 800 amps
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.14M | $18.96 |
| − Vacancy | −$72.8k | −$1.21 |
| EGI | $1.06M | $17.75 |
| − OpEx | −$159.7k | −$2.66 |
| NOI | $905.1k | $15.08 |
60,000 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$12.93M
$11.31M – $15.08M
NOI $905,075 @ 7.0% cap · market cap 4.53%
Second Best
Industrial
$10.65M
$9.32M – $12.42M
NOI $745,356 @ 7.0% cap · market cap 3.73%
Theoretical Best
Multifamily LT 5
$1,215.56M
$1,063.62M – $1,418.16M
NOI $85,089,478 @ 7.0% cap · market cap 425.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- DVG Auto Body Repair — 12159 Branford St # 7, Sun Valley, CA 91352
- Extra Space Storage — 10261 Glenoaks Blvd, Pacoima, CA 91331
- U-Pack — 12200 Montague St, Pacoima, CA 91331
- Wetzel & Sons Moving & Storage, Inc. — 12250 Montague St, Pacoima, CA 91331
- AAA Personal Storage — 10061 San Fernando Rd, Pacoima, CA 91331
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building with 7 ground-level loading doors, heavy power (800 amps), and a paved yard.
Where is this warehouse located?
The property is located at 10220-10232 Norris Ave Pacoima, CA.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: Freestanding industrial building known as The Hub Exchange; 7 ground‑level loading doors; Heavy power service: 800 amps
