Distribution
For Sale
$7,000,000
2350 Central Avenue, Irwindale, CA 91010
Industrial site with proximity to freeways and Gold Line transit access.
Property Size24,000 SF
Days on Market152
Property Features for 2350 Central Avenue
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Industrial - Manufacturing
Additional Details
Highway Access
Yes
Building Details
Building Size
24,000 SF
Year Built
1977
Listing Agency:
Lee & Associates
(562) 243-7029
Listed By:
Ron Mgrublian · License #01902882
Source:
Commercialcafe
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 29 at 1:50PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Industrial property at 2350 Central Avenue in Irwindale, California, with a 1977 construction date. The site is positioned near the 605 and 210 freeways and has access to Gold Line transit. The property information identifies logistics and distribution as supported uses.
Key Highlights
- Distribution center classification
- Near the 605 and 210 freeways
- Gold Line transit access
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
$312,286
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
4.46%
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%
$6,245,720
$6.2M
Cap Rate 7%
$4,461,229
$4.5M
Cap Rate 9%
$3,469,844
$3.5M
Market Conditions
NOI Build-Up for 24,000 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
$385.9K $16.08/SF
− Vacancy
−$18.5K −$0.77/SF
EGI
$367.4K $15.31/SF
− OpEx
−$55.1K −$2.30/SF
NOI
$312.3K $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%
$6,245,720
Cap Rate 7%
$4,461,229
Cap Rate 9%
$3,469,844
Alternative Uses
Best Use
Warehouse
$4.46M
$3.90M – $5.20M
NOI $312,286 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$4.01M
$3.51M – $4.67M
NOI $280,466 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$12.85M
$11.24M – $14.99M
NOI $899,465 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 91010, CA
26,730
Population
8,900
Households
3
Avg Household Size
43
Median Age
31%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
4,177
Density / Sq Mi
$98,189
Median Household Income
$42,257
Median Earnings
$2,035
Median Rent
$691,600
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?
Distribution center - Industrial site with proximity to freeways and Gold Line transit access.
Where is this distribution center located?
The property is located at 2350 Central Avenue Irwindale, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Distribution center classification; Near the 605 and 210 freeways; Gold Line transit access
