Industrial Facility with FDA
For Sale
$9,700,000
1161 California Ave, Corona, CA 92881
30,484 SF industrial facility with FDA-approved lab space.
Property Size30,484 SF
Lot Size1.48 Acres
Price / SF$318.20
Days on Market202
Property Features for 1161 California Ave
General Information
Standard status
Active
Size
30,484 SF
Lot size
1.48 Acres
Property subtype
Warehouse
Amenities
Fully Built-Out FDA-Approved Lab & R&D Facility: ±6,500 SF of FDA-approved laboratory space and ±2,166 SF of office, providing immediate functionality for multiple uses.
Highly Functional Industrial Infrastructure: Well-equipped with 23' clear heights, three dock-high doors, three ground-level doors, and 800 amps of 277/480V power (verify).
Secured Site with Strong Accessibility: Features a large, gated yard and 62 on-site parking stalls, combined with excellent freeway access, offering efficient operations and strong connectivity.
Building Details
Building Size
30,484 SF
Year Built
1990
Listing Agency:
Los Angeles Office
(310) 909-5500
Listed By:
Andrew Defendis · License #CA: 02192946
(310) 909-5416
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:15PM
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 Los Angeles Office
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Investment Insights
Based on property information with market context.
This 30,484-square-foot industrial facility is located at 1161 California Avenue in Corona, California, situated on 1.48 acres. It features approximately 6,500 square feet of FDA-approved laboratory space and an additional 2,166 square feet of office space. The property includes three dock-high doors, three ground-level doors, and 23-foot clear heights. It is equipped with 800 amps of 277/480-volt power. The site also features a large, gated yard area and 62 on-site parking stalls. The property is suitable for distribution, manufacturing, and R&D. The location provides excellent freeway access, offering strong regional connectivity.
Key Highlights
- High‑profile industrial facility ideal for an owner‑user.
- Approximately 6,500 square feet of FDA‑approved laboratory space.
- Excellent freeway access and strong regional connectivity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$315,352
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,307,040
$6.3M
Cap Rate 7%
$4,505,029
$4.5M
Cap Rate 9%
$3,503,911
$3.5M
Market Conditions
NOI Build-Up for 30,484 SF
Gross rent
$402.4K $13.20/SF
− Vacancy
−$31.4K −$1.03/SF
EGI
$371.0K $12.17/SF
− OpEx
−$55.7K −$1.83/SF
NOI
$315.4K $10.34/SF
Area
Corona, CA
Vacancy
7.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,307,040
Cap Rate 7%
$4,505,029
Cap Rate 9%
$3,503,911
Alternative Uses
Best Use
Warehouse
$4.51M
$3.94M – $5.26M
NOI $315,352 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.48M
$8.30M – $11.06M
NOI $663,722 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92881, CA
31,590
Population
9,362
Households
3.4
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
32.4 sq mi
ZIP Area
975
Density / Sq Mi
$132,598
Median Household Income
$60,271
Median Earnings
$2,150
Median Rent
$723,800
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Nasco Gourmet Foods — Olympic Dr, Corona, CA 92881
- omega — 1101 California Ave, Corona, CA 92881
- US Storage Centers — 1512 Circle City Dr, Corona, CA 92879
Frequently Asked Questions
What type of property is this?
Warehouse - 30,484 SF industrial facility with FDA-approved lab space.
Where is this warehouse located?
The property is located at 1161 California Ave Corona, CA.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: High‑profile industrial facility ideal for an owner‑user.; Approximately 6,500 square feet of FDA‑approved laboratory space.; Excellent freeway access and strong regional connectivity.
