Vernon Warehouse with Fenced
For Sale
Contact for pricing
3301 Leonis Blvd, Vernon, CA
42,350 SF warehouse with large yard and easy freeway access.
Property Size42,350 SF
Lot Size1.43 Acres
Price / SF$285
Days on Market273
Property Features for 3301 Leonis Blvd
General Information
Standard status
Active
Size
42,350 SF
Lot size
1.43 Acres
Property subtype
INDUSTRIAL
Lease Type
Gross
Properties For Sale
at 3301 Leonis Blvd Contact us- Size
- 42,350 SF
- Type
- INDUSTRIAL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
3301 Leonis Blvd
High Visibility Corner Location | Large Fenced Yard
6 Dock High Positions | 1 Ground...
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Listing Agency:
Newmark - Los Angeles - South Bay
(310) 491-2003
Listed By:
Jeff Sanita · License #01242202
(310) 491-2003
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 24 at 6:19AM
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 Newmark - Los Angeles - South Bay
Investment Insights
Based on property information with market context.
This 42,350 square foot warehouse property is located at a high visibility corner location. The property features a large fenced yard and includes six dock high positions and one ground level door. The interior provides 16 feet of clearance and 2,232 square feet of office space. The building is fully sprinkled and has 1000 amps of power. There are an estimated 42 parking stalls available. The property offers convenient access to the 710, 5, 60, 101, and 10 freeways. This property is suitable for warehouse, industrial, and distribution purposes.
Key Highlights
- High Visibility Corner Location
- Easy Access to (710), (5), (60), (101), & (10) Freeways
- Features 6 Dock High Positions
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
$551,055
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
4.57%
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%
$11,021,100
$11.0M
Cap Rate 7%
$7,872,214
$7.9M
Cap Rate 9%
$6,122,833
$6.1M
Market Conditions
NOI Build-Up for 42,350 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
$681.0K $16.08/SF
− Vacancy
−$32.7K −$0.77/SF
EGI
$648.3K $15.31/SF
− OpEx
−$97.2K −$2.30/SF
NOI
$551.1K $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%
$11,021,100
Cap Rate 7%
$7,872,214
Cap Rate 9%
$6,122,833
Alternative Uses
Best Use
Warehouse
$7.87M
$6.89M – $9.18M
NOI $551,055 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$7.07M
$6.19M – $8.25M
NOI $494,905 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$22.67M
$19.84M – $26.45M
NOI $1,587,182 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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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- Consolidated Cold Storage — 2885 E 50th St, Vernon, CA 90058
- Lineage — 2050 E 55th St, Vernon, CA 90058
- Bonded Warehousee — 2100 E 49th St, Vernon, CA 90058
- Recall — 2357 E 49th St, Vernon, CA 90058
- Lineage — 2100 E 55th St, Vernon, CA 90058
Frequently Asked Questions
What type of property is this?
Warehouse - 42,350 SF warehouse with large yard and easy freeway access.
Where is this warehouse located?
The property is located at 3301 Leonis Blvd Vernon, CA.
What is the asking price?
The asking price for this property is $12,069,750.
What are key features of this property?
This property features: High Visibility Corner Location; Easy Access to (710), (5), (60), (101), & (10) Freeways; Features 6 Dock High Positions
