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    Vernon Industrial Property For Sale Title is generated by Realmo AI

    3251 Leonis Blvd, Vernon, CA

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    Industrial property with showroom, secured yard, and heavy power.

    Type:INDUSTRIAL
    Property size:
    44,460 SF
    Lot size:
    1.59 Acres
    Price / SF:
    $315/SF
    Added:
    Aug 1, 2024
    Days on Market:
    678
    Last Refresh:
    May 19 at 8:26 pm

    Property Features for 3251 Leonis Blvd

    General Information

    Standard status
    Active
    Size
    44,460 SF
    Lot size
    1.59 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Brian McLoughlin
    Brian McLoughlin

    Listing agent Brian McLoughlin

    Listing office Voit Real Estate Services

    Listing date Aug 1, 2024

    Source Moodyscre

    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 Voit Real Estate Services

    HighLights

    • Single tenant investment opportunity
    • 4.29% cap rate
    • 3 year lease with no options
    • Fenced & secured yard
    • Heavy power available
    • Spacious showroom

    Overview

    This industrial property features a spacious showroom and a fenced, secured yard. It benefits from heavy power capabilities. The property is currently under a 3-year lease with no options as a single tenant investment with a 4.29% cap rate. The building has a total area of 44,460 square feet and is located in Vernon, CA.

    Local Financial Insights For Retail

    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 $1.50M $33.84
    − Vacancy −$99.3k −$2.23
    EGI $1.41M $31.61
    − OpEx −$421.6k −$9.48
    NOI $983.7k $22.12
    44,460 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $14.05M
    $12.30M – $16.39M (±1% cap)
    NOI $983,659 @ 7.0% cap · market cap 7.02%
    Second Best
    Warehouse
    $8.26M
    $7.23M – $9.64M (±1% cap)
    NOI $578,511 @ 7.0% cap · market cap 4.13%
    Theoretical Best
    Office A
    $23.80M
    $20.83M – $27.77M (±1% cap)
    NOI $1,666,260 @ 7.0% cap · market cap 11.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lineage Logistics — 2825 e 44th st, vernon, ca 90058
    • Ice Cold Storage Inc — 3336 Fruitland Ave, Vernon, CA 90058
    • Consolidated Cold Storage — 2885 E 50th St, Vernon, CA 90058
    • Elite Moving Solutions — 3355 Slauson Ave, Vernon, CA 90058
    • Unicold Corporation — 4339 Fruitland Ave, Vernon, CA 90058

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Los Angeles
    State
    California
    Longitude
    -118.23
    Latitude
    34.0039

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    FAQs

    What type of property is this?
    Warehouse - Industrial property with showroom, secured yard, and heavy power.
    Where is this warehouse located?
    The property is located at 3251 Leonis Blvd Vernon, CA.
    What is the asking price?
    The asking price for this property is $14,004,900.
    What are key features of this property?
    This property features: Single tenant investment opportunity; 4.29% cap rate; 3 year lease with no options
    (323) 633-1074 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian McLoughlin
    Brian McLoughlin
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