Office and Industrial Space
For Sale
Contact for pricing
726 Arrow Grand Cir, Covina, CA 91722
18,659 SqFt office and industrial space for sale.
Property Size18,659 SF
Price / SF$334.96
Days on Market190
Property Features for 726 Arrow Grand Cir
General Information
Standard status
Active
Size
18,659 SF
Total Parking Spaces
34
Property subtype
Office, Industrial
Zoning
M-1(PCD)
Building Details
Year Built
1985
Listing Agency:
Lee & Associates - Ontario
(909) 373-2911
Listed By:
Matthew Rodriguez · License #02235265
Source:
Crexi
Added: Feb 20
Changed: Aug 16
Last Checked: Aug 28 at 7:30PM
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 Lee & Associates - Ontario
Investment Insights
Based on property information with market context.
This commercial real estate property offers 18,659 square feet of office and industrial space. The property is located in Covina, California.
Key Highlights
- Office Property
- 18,659 SqFt of space
- Built in 1985
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
$407,871
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
6.53%
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%
$8,157,420
$8.2M
Cap Rate 7%
$5,826,729
$5.8M
Cap Rate 9%
$4,531,900
$4.5M
Market Conditions
NOI Build-Up for 18,659 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
$716.5K $38.40/SF
− Vacancy
−$172.7K −$9.25/SF
EGI
$543.8K $29.15/SF
− OpEx
−$136.0K −$7.29/SF
NOI
$407.9K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$8,157,420
Cap Rate 7%
$5,826,729
Cap Rate 9%
$4,531,900
Alternative Uses
Best Use
Office B
$5.83M
$5.10M – $6.80M
NOI $407,871 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$3.12M
$2.73M – $3.63M
NOI $218,051 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$9.99M
$8.74M – $11.65M
NOI $699,297 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91722, CA
36,111
Population
10,340
Households
3.5
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
4.1 sq mi
ZIP Area
8,808
Density / Sq Mi
$98,033
Median Household Income
$39,738
Median Earnings
$2,039
Median Rent
$626,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
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- iTech Xpress — 948 arrow hwy, covina, ca 91724
Frequently Asked Questions
What type of property is this?
Office space - 18,659 SqFt office and industrial space for sale.
Where is this office space located?
The property is located at 726 Arrow Grand Cir Covina, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Office Property; 18,659 SqFt of space; Built in 1985
