Pacoima Industrial Property For
10232 Glenoaks Blvd, Los Angeles, CA 91331
2.54 acre lot with single-story industrial building. Leased until 2029.
Type:Industrial
Property size:
33,458 SFLot size:
2.54 AcresPrice / SF:
$433/SF- Added:
- Aug 16, 2024
- Days on Market:
- 655
- Last Refresh:
- May 19 at 9:19 pm
Property Features for 10232 Glenoaks Blvd
General Information
- Standard status
- Active
- Size
- 33,458 SF
- Lot size
- 2.54 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing agent Roger Perry License #01882885
Listing office Roger Perry Group
Listing date Aug 16, 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 Roger Perry Group
HighLights
- Leased to United Rentals with NNN lease generating $473,550 annually.
- Lease includes 2.5% annual rent increases, ensuring growing returns.
- Large 2.54‑acre lot suitable for industrial use.
- Existing single‑story industrial building with asphalt paved parking and vehicle storage.
- Located in an area with established industrial and commercial development.
- Long‑term lease in place until January 31, 2029.
Overview
Located at 10232 Glenoaks Boulevard in Pacoima, the property is identified by the assessor's parcel number 2528-007-019. The site encompasses approximately 2.54 acres and has five associated addresses: 10232, 10234, 10238, 10240, and 10248 Glenoaks Boulevard. Currently, the property is occupied by "United Rentals," and the single-story industrial building is used for equipment rental and motor repair. In addition to the building, the property features an asphalt-paved parking and vehicle storage lot, along with a vehicle washing area on the northwest side of the building. Historical records indicate that residential buildings occupied the site before 1954, and an industrial building has been present from 1967 to 2018. The surrounding area includes industrial development to the north (FedEx Freight), commercial and industrial developments to the south across Glenoaks Boulevard, commercial/industrial development to the east, and industrial development to the west (CA Signs). The adjoining property to the North is listed in the HMIRS, PCS, RCRA-G, HWIS, and UST regulatory database. The nearest municipal production well, owned by the LADWP, is located half a mile to the southwest of the site. The existing tenant pays $473,550 yearly on an absolute NNN lease with 2.5% annual increases. The lease ends January 31, 2029. The building size is 33458 square feet.
Local Financial Insights For 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 | $1.24M | $36.96 |
| − Vacancy | −$127.4k | −$3.81 |
| EGI | $1.11M | $33.15 |
| − OpEx | −$332.8k | −$9.95 |
| NOI | $776.5k | $23.21 |
33,458 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$11.09M
$9.71M – $12.94M
NOI $776,466 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$5.94M
$5.20M – $6.93M
NOI $415,635 @ 7.0% cap · market cap 2.87%
Theoretical Best
Multifamily LT 5
$677.84M
$593.11M – $790.81M
NOI $47,448,729 @ 7.0% cap · market cap 327.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
United Rentals (Entertainment ...
(Bike/Boat/Book/etc) Store
Diamond A Equipment
Department Store
United Rentals
(Bike/Boat/Book/etc) Store
Ahern Entertainment
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.39392
- Latitude
- 34.25611
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - 2.54 acre lot with single-story industrial building. Leased until 2029.
Where is this industrial property located?
The property is located at 10232 Glenoaks Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Leased to United Rentals with NNN lease generating $473,550 annually.; Lease includes 2.5% annual rent increases, ensuring growing returns.; Large 2.54‑acre lot suitable for industrial use.
