Freestanding Distribution
For Sale
Contact for pricing
1755 Lemonwood Dr, Santa Paula, CA 93060
Industrial facility with excess land and a sale-leaseback structure.
Property Size40,081 SF
Price / SF$242.01
Days on Market133
Property Features for 1755 Lemonwood Dr
General Information
Standard status
Active
Size
40,081 SF
Property subtype
INDUSTRIAL
Building Details
Building Size
40,081 SF
Listing Agency:
Kidder Mathews
(805) 653-5147
Listed By:
Jeffrey Crocker · License #02080641
(805) 653-5147
Source:
Moodyscre
Added: Apr 1
Changed: Aug 8
Last Checked: Aug 8 at 11:06AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This freestanding distribution center includes a 40,081-square-foot building and 33,616 square feet of excess land. The property is presented as a sale-leaseback industrial opportunity associated with BendPak.
Located at 1755 Lemonwood Dr in Santa Paula, California, the asset combines a dedicated industrial building with additional land area. The property information identifies the facility as a West Coast distribution asset for BendPak.
Located at 1755 Lemonwood Dr in Santa Paula, California, the asset combines a dedicated industrial building with additional land area. The property information identifies the facility as a West Coast distribution asset for BendPak.
Key Highlights
- 40,081‑square‑foot freestanding distribution center
- 33,616 square feet of excess land
- Sale‑leaseback industrial opportunity associated with BendPak
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
$496,086
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
5.11%
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%
$9,921,720
$9.9M
Cap Rate 7%
$7,086,943
$7.1M
Cap Rate 9%
$5,512,067
$5.5M
Market Conditions
NOI Build-Up for 40,081 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
$615.6K $15.36/SF
− Vacancy
−$32.0K −$0.80/SF
EGI
$583.6K $14.56/SF
− OpEx
−$87.5K −$2.18/SF
NOI
$496.1K $12.38/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
15.00%
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%
$9,921,720
Cap Rate 7%
$7,086,943
Cap Rate 9%
$5,512,067
Alternative Uses
Best Use
Warehouse
$7.09M
$6.20M – $8.27M
NOI $496,086 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$5.84M
$5.11M – $6.81M
NOI $408,541 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$13.76M
$12.04M – $16.05M
NOI $963,175 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 93060, CA
33,859
Population
10,935
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
67%
High-School Grad
92.4 sq mi
ZIP Area
366
Density / Sq Mi
$79,606
Median Household Income
$36,202
Median Earnings
$1,678
Median Rent
$582,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility with excess land and a sale-leaseback structure.
Where is this distribution center located?
The property is located at 1755 Lemonwood Dr Santa Paula, 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: 40,081‑square‑foot freestanding distribution center; 33,616 square feet of excess land; Sale‑leaseback industrial opportunity associated with BendPak
