Fire-Sprinklered
For Sale
Contact for pricing
24-98 N San Gabriel Blvd, Pasadena, CA 91107
Fire-sprinklered warehouse configured with multiple loading doors and 100% leased tenancy.
Property Size29,868 SF
Price / SF$476.76
Days on Market97
Property Features for 24-98 N San Gabriel Blvd
General Information
Standard status
Active
Size
29,868 SF
Total Parking Spaces
44
Property subtype
INDUSTRIAL
Occupancy
100%
Warehouse & Industrial
Clear Height
15 ft
Power
2,600 amps
Voltage
400 V
Three-Phase Power
Yes
Sprinkler System
Yes
Listing Agency:
NAI Capital
(626) 564-4800
Listed By:
John S. Archibald · License #00996775
(626) 660-8228
Source:
Moodyscre
Added: Jun 12
Changed: Sep 6
Last Checked: Sep 15 at 7:31AM
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 fire-sprinklered warehouse is offered as a 100% leased investment. The facility is powered with 2,600 amps at 400 volts, three-phase, four-wire electricity. It features two 12'x12' GL and DH doors and provides 15' clear height for efficient material handling.
The property totals 29,868 square feet and includes 44 parking stalls, with room for additional parking as needed.
Operational features include sprinkler protection and dedicated power capacity suitable for industrial users that require dependable loading and electrical service.
The property totals 29,868 square feet and includes 44 parking stalls, with room for additional parking as needed.
Operational features include sprinkler protection and dedicated power capacity suitable for industrial users that require dependable loading and electrical service.
Key Highlights
- 100% leased investment
- 2,600 amps, 400 volts, three‑phase, four‑wire power
- Two (2) 12'x12' GL and DH 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
$450,546
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
3.16%
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%
$9,010,920
$9.0M
Cap Rate 7%
$6,436,371
$6.4M
Cap Rate 9%
$5,006,067
$5.0M
Market Conditions
NOI Build-Up for 29,868 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
$566.3K $18.96/SF
− Vacancy
−$36.2K −$1.21/SF
EGI
$530.1K $17.75/SF
− OpEx
−$79.5K −$2.66/SF
NOI
$450.5K $15.08/SF
Area
Pasadena, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$9,010,920
Cap Rate 7%
$6,436,371
Cap Rate 9%
$5,006,067
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 authorities.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,547
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Fire-sprinklered warehouse configured with multiple loading doors and 100% leased tenancy.
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: 100% leased investment; 2,600 amps, 400 volts, three‑phase, four‑wire power; Two (2) 12'x12' GL and DH doors
