Manufacturing Facility with Loading
For Sale
$6,000,000
220 N California Avenue City Of Industry, La Puente, CA 91744
Net-leased facility combines manufacturing or warehouse space with office and loading areas.
Property Size20,520 SF
Price / SF$292.40
Days on Market62
Property Features for 220 N California Avenue City Of Industry
General Information
Standard status
Active
Size
20,520 SF
Total Parking Spaces
30
Zoning
IDMA*
Net Operating Income
$509,724
Additional Details
Cap Rate
8.5%
Amenities
1
true
45721
30
1.0496
Assessor
20520
Building Details
Building Size
20,520 SF
Year Built
1977
Buildings
1
Listing Agency:
Transamerica Properties
(909) 328-1567
Listed By:
Jasleen Chhabra · License #01886121
(909) 328-1567
Source:
Rmarealty
Added: Jul 1
Changed: Aug 29
Last Checked: Aug 30 at 1:09PM
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 Transamerica Properties
Investment Insights
Based on property information with market context.
The property is a 20,520-square-foot manufacturing facility built in 1977, with approximately 15% office area. The building includes two loading areas equipped with 12-by-12-foot doors, supporting manufacturing and warehouse operations. Zoning is designated IDMA*.
Located at 220 N California Avenue in City of Industry, California, the property is offered as a net-leased investment with an 8.50% cap rate.
Located at 220 N California Avenue in City of Industry, California, the property is offered as a net-leased investment with an 8.50% cap rate.
Key Highlights
- 20,520‑square‑foot manufacturing or warehouse facility
- Approximately 15% office area within the building
- Two loading areas with 12x12 doors
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
$267,005
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
4.45%
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%
$5,340,100
$5.3M
Cap Rate 7%
$3,814,357
$3.8M
Cap Rate 9%
$2,966,722
$3.0M
Market Conditions
NOI Build-Up for 20,520 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
$330.0K $16.08/SF
− Vacancy
−$15.8K −$0.77/SF
EGI
$314.1K $15.31/SF
− OpEx
−$47.1K −$2.30/SF
NOI
$267.0K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /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%
$5,340,100
Cap Rate 7%
$3,814,357
Cap Rate 9%
$2,966,722
Alternative Uses
Best Use
Warehouse
$3.81M
$3.34M – $4.45M
NOI $267,005 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$3.43M
$3.00M – $4.00M
NOI $239,798 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$10.99M
$9.61M – $12.82M
NOI $769,043 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 91744, CA
81,817
Population
18,852
Households
4.3
Avg Household Size
36
Median Age
13%
College-Educated
68%
High-School Grad
8.7 sq mi
ZIP Area
9,404
Density / Sq Mi
$92,624
Median Household Income
$35,355
Median Earnings
$1,873
Median Rent
$585,900
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?
Manufacturing property - Net-leased facility combines manufacturing or warehouse space with office and loading areas.
Where is this manufacturing property located?
The property is located at 220 N California Avenue City Of Industry La Puente, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 20,520‑square‑foot manufacturing or warehouse facility; Approximately 15% office area within the building; Two loading areas with 12x12 doors
