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    Vernon Warehouse For Sale Title is generated by Realmo AI

    3305 E Vernon Ave, Vernon, CA 90058

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    103,633 sqft warehouse available for purchase in Vernon.

    Type:Industrial
    Property size:
    103,633 SF
    Price / SF:
    $202/SF
    Added:
    Oct 25, 2024
    Days on Market:
    593
    Last Refresh:
    May 13 at 8:16 pm

    Property Features for 3305 E Vernon Ave

    General Information

    Standard status
    Active
    Size
    103,633 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Janet Neman
    Janet Neman

    Listing agent Janet Neman License #CA 01069127

    Listing office Kidder Mathews Los Angeles West

    Listing date Oct 25, 2024

    Source Crexi

    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 Kidder Mathews Los Angeles West

    HighLights

    • For sale
    • Year Built: 1980

    Overview

    This commercial real estate offering features a 103,633 square foot warehouse property available for sale. The property is located in Vernon, California.

    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 $1.67M $16.08
    − Vacancy −$80.0k −$0.77
    EGI $1.59M $15.31
    − OpEx −$238.0k −$2.30
    NOI $1.35M $13.01
    103,633 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $19.26M
    $16.86M – $22.47M (±1% cap)
    NOI $1,348,466 @ 7.0% cap · market cap 6.42%
    Second Best
    Industrial
    $17.30M
    $15.14M – $20.18M (±1% cap)
    NOI $1,211,064 @ 7.0% cap · market cap 5.77%
    Theoretical Best
    Office A
    $55.48M
    $48.55M – $64.73M (±1% cap)
    NOI $3,883,929 @ 7.0% cap · market cap 18.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    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
    • Mobile Technology Center Warehouse — 2716 Leonis Blvd, Vernon, CA 90058
    • Unicold Corporation — 4339 Fruitland Ave, Vernon, CA 90058

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Los Angeles
    State
    California
    Longitude
    -118.222
    Latitude
    34.0012

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    FAQs

    What type of property is this?
    Warehouse - 103,633 sqft warehouse available for purchase in Vernon.
    Where is this warehouse located?
    The property is located at 3305 E Vernon Ave Vernon, CA.
    What is the asking price?
    The asking price for this property is $21,000,000.
    What are key features of this property?
    This property features: For sale; Year Built: 1980
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Janet Neman
    Janet Neman
    Real Estate License ID: CA 01069127
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