Industrial Facility with FDA
1161 California Ave Corona, CA 92881
1161 California Ave, Corona, CA, 92881
$9,754,880
For Sale
$9,754,880
30,484 SF industrial facility with FDA-approved lab space.
Property Size30,484 SF
Lot Size1.48 Acres
Price / SF$320
Days on Market111
Property Features for 1161 California Ave
General Information
- Standard status
- Active
- Size
- 30,484 SF
- Lot size
- 1.48 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 1990
Listing agency
Marcus & Millichap - South Bay
(310) 909-5416
Listed by
Andrew Defendis · License #License(s): CA: 02192946
(310) 909-5416
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:06AM
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 Marcus & Millichap - South Bay
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.
Local 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 | $402.4k | $13.20 |
| − Vacancy | −$31.4k | −$1.03 |
| EGI | $371.0k | $12.17 |
| − OpEx | −$55.7k | −$1.83 |
| NOI | $315.4k | $10.34 |
30,484 SF · lease $13.20/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.51M
$3.94M – $5.26M
NOI $315,352 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$4.05M
$3.54M – $4.72M
NOI $283,311 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$9.48M
$8.30M – $11.06M
NOI $663,722 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mili Pharmaceuticals Inc
Factory
Proman Products
Big Box & Wholesale Store
Similar For Sale Nearby
Similar Off Market Nearby
- omega — 1101 California Ave, Corona, CA 92881
- US Storage Centers — 1512 Circle City Dr, Corona, CA 92879
- Nasco Gourmet Foods — Olympic Dr, Corona, CA 92881
FAQs
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 $9,754,880.
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.
