Leased Warehouse
24-98 N San Gabriel Blvd Pasadena, CA 91107
24-98 N San Gabriel Blvd, Pasadena, CA, 91107
Contact for pricing
For Sale
Contact for pricing
Single-tenant warehouse is 100% leased and includes 15-foot clear height, sprinkler system, and 12'x12' GL and DH doors.
Property Size29,868 SF
Price / SF$476.76
Days on Market40
Property Features for 24-98 N San Gabriel Blvd
General Information
- Standard status
- Active
- Size
- 29,868 SF
- Property subtype
- INDUSTRIAL
Listing agency
NAI Capital
(626) 660-8228
Listed by
John S. Archibald · License #00996775
(626) 660-8228
Source
Moodyscre
Added: Jun 12 Updated: Jul 20 at 7:57PM Checked: Jul 21 at 4:18AM
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 NAI Capital
Investment Insights
Based on property information with market context.
This leased warehouse investment is offered as a 100% leased property. The facility features 15-foot clear height, fire sprinklering, and robust electrical service with 2,600 amps at 400 volts, 3-phase, 4-wire power. Access is supported by two (2) 12’ x 12’ GL and DH doors.
On-site parking includes 44 stalls, with additional parking capacity noted as available to expand. The property is positioned for straightforward operational use given the existing door configuration, clear height, and power supply.
The offering includes a fully leased income stream and a functional warehouse layout designed to support day-to-day logistics needs under the current configuration.
On-site parking includes 44 stalls, with additional parking capacity noted as available to expand. The property is positioned for straightforward operational use given the existing door configuration, clear height, and power supply.
The offering includes a fully leased income stream and a functional warehouse layout designed to support day-to-day logistics needs under the current configuration.
Key Highlights
- Single‑tenant warehouse is 100% leased
- 15' clear height
- Fire sprinkler system
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 | $566.3k | $18.96 |
| − Vacancy | −$36.2k | −$1.21 |
| EGI | $530.1k | $17.75 |
| − OpEx | −$79.5k | −$2.66 |
| NOI | $450.5k | $15.08 |
29,868 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.44M
$5.63M – $7.51M
NOI $450,546 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$672.33M
$588.29M – $784.39M
NOI $47,063,105 @ 7.0% cap · market cap 330.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Single-tenant warehouse is 100% leased and includes 15-foot clear height, sprinkler system, and 12'x12' GL and DH doors.
Where is this warehouse located?
The property is located at 24-98 N San Gabriel Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $14,240,000.
What are key features of this property?
This property features: Single‑tenant warehouse is 100% leased; 15' clear height; Fire sprinkler system
