837 West Arrow Highway, Covina, CA 91722
Freestanding flex R&D property in a single-tenant net lease, supported by ample parking and freeway access.
- Added:
- Jun 11, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 9:25 am
Property Features for 837 West Arrow Highway
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 0.77 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1982
Listing agent Ara Rostamian License #CA 01814678
Listing office Marcus & Millichap - Los Angeles (213) 943-1822
Listing date Jun 11, 2026
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 Marcus & Millichap - Los Angeles
HighLights
- Single‑tenant, net‑leased Polaris Pharmacy property at 837 W Arrow Highway in Glendora, CA
- Freestanding ±19,600 SF flex R&D building on approx. 0.77 acres; built in 1982
- Lease to Polaris Pharmacy Services with approx. two years remaining term and 4% annual rental increases
- Ample on‑site parking with 24 surface spaces
- Flexible zoning supports multiple uses, including healthcare, laboratory, office, flex industrial, and specialty commercial
- Located on the Arrow Highway corridor with access to I‑10, SR‑57, and I‑210
Overview
The property is located at 837 West Arrow Highway in Covina, California, positioned along the Arrow Highway corridor in the San Gabriel Valley. Tenant and visitor access is supported by 24 surface parking spaces. Regional connectivity is aided by convenient access to I-10, SR-57, and I-210, supporting distribution and operational reach across Los Angeles County and the Inland Empire.
For buyers and operators seeking a healthcare-aligned real estate profile, the property’s existing pharmacy tenancy and flexible-use building configuration may fit healthcare, laboratory, office, flex industrial, and specialty commercial operations, subject to applicable requirements. The combination of a single-tenant net lease, a freestanding flex R&D structure, and on-site parking can appeal to investors looking for straightforward operational control within a long-term care and specialty pharmacy framework.
Local Financial Insights For Specialty Retail
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 | $324.9k | $33.84 |
| − Vacancy | −$21.4k | −$2.23 |
| EGI | $303.4k | $31.61 |
| − OpEx | −$75.9k | −$7.90 |
| NOI | $227.6k | $23.70 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Walmart Pharmacy — 1275 N Azusa Ave, Covina, CA 91722
- GNC — 1404 N Azusa Ave H, Covina, CA 91722
- California Pharmacy Services Inc — 453 e arrow hwy # e, azusa, ca 91702
- Kimberlee R. Phelps, PharmD — 453 E Arrow Hwy, Azusa, CA 91702
- Rite Care Pharmacy — 1433 N Hollenbeck Ave #103, Covina, CA 91722
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.886494
- Latitude
- 34.106812
