San Fernando Industrial
For Sale
Contact for pricing
700-710 Jessie St, San Fernando, CA
Remodeled industrial property with easy freeway access in San Fernando.
Property Size34,784 SF
Lot Size1.35 Acres
Price / SF$330.61
Days on Market376
Property Features for 700-710 Jessie St
General Information
Standard status
Active
Size
34,784 SF
Lot size
1.35 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 700-710 Jessie St Contact us- Floor
- 1
- Size
- 17,392 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
700 Jessie St
City of San Fernando Benefits
Newly Remodeled In and Out
Easy Access to 118/5/210...
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Listing Agency:
JLL
(818) 429-9412
Listed By:
George Stavaris · License #01267454
(818) 429-9412
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Aug 12
Last Checked: Aug 28 at 6:23PM
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 JLL
Investment Insights
Based on property information with market context.
This industrial property, located in San Fernando, California, offers 34,784 square feet of space. The property has been newly remodeled both inside and out. It benefits from its location within the City of San Fernando and provides convenient access to the 118, 5, and 210 Freeways.
Key Highlights
- Newly remodeled in and out
- Easy access to 118/5/210 freeways
- City of San Fernando benefits
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
$406,489
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
3.53%
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%
$8,129,780
$8.1M
Cap Rate 7%
$5,806,986
$5.8M
Cap Rate 9%
$4,516,544
$4.5M
Market Conditions
NOI Build-Up for 34,784 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
$617.8K $17.76/SF
− Vacancy
−$37.1K −$1.07/SF
EGI
$580.7K $16.69/SF
− OpEx
−$174.2K −$5.01/SF
NOI
$406.5K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
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%
$8,129,780
Cap Rate 7%
$5,806,986
Cap Rate 9%
$4,516,544
Alternative Uses
Best Use
Industrial
$5.81M
$5.08M – $6.77M
NOI $406,489 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.62M
$16.30M – $21.73M
NOI $1,303,625 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Remodeled industrial property with easy freeway access in San Fernando.
Where is this industrial property located?
The property is located at 700-710 Jessie St San Fernando, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Newly remodeled in and out; Easy access to 118/5/210 freeways; City of San Fernando benefits
