Monrovia Industrial Condo with
For Sale
Contact for pricing
417-429 E Huntington Dr, Monrovia, CA
Industrial condo featuring modern finishes, heavy power, and fitness center.
Property Size13,361 SF
Lot Size1.29 Acres
Price / SF$336.05
Days on Market387
Property Features for 417-429 E Huntington Dr
General Information
Standard status
Active
Size
13,361 SF
Lot size
1.29 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers
(213) 627-1214
Listed By:
Shadd Walker · License #1253297
(626) 488-9081
Source:
Moodyscre
Added: Aug 20, 2025
Changed: Sep 9
Last Checked: Sep 10 at 12:14PM
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 Colliers
Investment Insights
Based on property information with market context.
This industrial condo offers 13,361 square feet of flex space, suitable for warehouse and industrial purposes. It features modern office finishes completed in 2021. The property is equipped with 1,000 Amps of 480V 3 Phase 4W heavy power. A fully permitted mezzanine is included. Additional amenities include a private fitness center. The property benefits from a large surface parking lot with ample parking spaces.
Key Highlights
- 1,000 Amps/480V 3 Phase 4W Heavy Power
- Large Surface Parking Lot w/ Ample Parking
- Fully Permitted Mezzanine
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
$173,852
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
3.87%
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%
$3,477,040
$3.5M
Cap Rate 7%
$2,483,600
$2.5M
Cap Rate 9%
$1,931,689
$1.9M
Market Conditions
NOI Build-Up for 13,361 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
$214.8K $16.08/SF
− Vacancy
−$10.3K −$0.77/SF
EGI
$204.5K $15.31/SF
− OpEx
−$30.7K −$2.30/SF
NOI
$173.9K $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%
$3,477,040
Cap Rate 7%
$2,483,600
Cap Rate 9%
$1,931,689
Alternative Uses
Best Use
Warehouse
$2.48M
$2.17M – $2.90M
NOI $173,852 @ 7.0% cap · market cap 3.87%
Second Best
Industrial
$2.23M
$1.95M – $2.60M
NOI $156,138 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$7.15M
$6.26M – $8.35M
NOI $500,740 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,257
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo featuring modern finishes, heavy power, and fitness center.
Where is this flex space located?
The property is located at 417-429 E Huntington Dr Monrovia, CA.
What is the asking price?
The asking price for this property is $4,490,000.
What are key features of this property?
This property features: 1,000 Amps/480V 3 Phase 4W Heavy Power; Large Surface Parking Lot w/ Ample Parking; Fully Permitted Mezzanine
