Two Industrial Buildings For
For Sale
$3,148,888
5148 Bleecker St., Baldwin Park, CA 91706
Two industrial buildings suitable for owner/user or investor.
Property Size9,698 SF
Price / SF$324.69
Days on Market137
Property Features for 5148 Bleecker St.
General Information
Standard status
Active
Size
9,698 SF
Property subtype
Industrial
Building Details
Year Built
2009
Listing Agency:
Daum Commercial RE Services
(562) 576-1424
Listed By:
Charles Johnson II · License #CA 01817294
(562) 576-1424
Source:
Daumcommercial
Added: Apr 3
Changed: Jul 10
Last Checked: Aug 17 at 3:41AM
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 Daum Commercial RE Services
Investment Insights
Based on property information with market context.
Two high-quality industrial buildings are available for purchase, suitable for either an owner/user or an investor. Building A encompasses approximately 3,769 square feet and is currently leased until October 2025 at a rate of $6,760 per month on a triple net lease basis. Building B offers approximately 5,929 square feet and is currently vacant. The property includes a gated yard and ample parking space. Each building is equipped with 12’x14’ grade-level doors and a sprinkler system. The location provides convenient access to the 605 and 210 Freeways. The property qualifies for an SBA loan.
Key Highlights
- Two high‑quality industrial buildings ideal for owner/user or investor.
- Building B is vacant, offering immediate occupancy.**
- Building A is leased until 10/2025 at $6,760/month (NNN).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,332
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,266,640
$2.3M
Cap Rate 7%
$1,619,029
$1.6M
Cap Rate 9%
$1,259,244
$1.3M
Market Conditions
NOI Build-Up for 9,698 SF
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.
Gross rent
$172.2K $17.76/SF
− Vacancy
−$10.3K −$1.07/SF
EGI
$161.9K $16.69/SF
− OpEx
−$48.6K −$5.01/SF
NOI
$113.3K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,266,640
Cap Rate 7%
$1,619,029
Cap Rate 9%
$1,259,244
Alternative Uses
Best Use
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,332 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.19M
$4.54M – $6.06M
NOI $363,459 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 91706, CA
73,313
Population
18,853
Households
3.9
Avg Household Size
36
Median Age
14%
College-Educated
68%
High-School Grad
13.5 sq mi
ZIP Area
5,431
Density / Sq Mi
$79,473
Median Household Income
$34,964
Median Earnings
$1,816
Median Rent
$589,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Two industrial buildings suitable for owner/user or investor.
Where is this industrial property located?
The property is located at 5148 Bleecker St. Baldwin Park, CA.
What is the asking price?
The asking price for this property is $3,148,888.
What are key features of this property?
This property features: Two high‑quality industrial buildings ideal for owner/user or investor.; Building B is vacant, offering immediate occupancy.**; Building A is leased until 10/2025 at $6,760/month (NNN).
