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    77110 Harrison St Thermal, CA 92274

    Sponsored
    For Sale
    $3,500,000

    64,950 SF Cold Storage, $3.5M

    Property size:
    64,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 64,950-square-foot cold storage and packing facility in Thermal, California, presents a compelling investment opportunity. Situated on a 40-acre parcel, the property boasts 25,350 square feet of climate-controlled storage and warehouse space, complemented by a 38,400-square-foot attached shade structure. The facility also includes 1,200 square feet of office and conference space, enhancing its functionality. Built in 1989 and extensively renovated in 2014, the property features 4 dock-high roll-up doors and a ceiling height ranging from 17 to 22 feet, ensuring efficient operations. The property benefits from a robust power supply of 1,000 amps. Additional income streams are generated by a cell tower and an agricultural lease. Located at the strategic intersection of Harrison Street, 77th Avenue, and Pierce Street, this facility enjoys convenient access to major transportation routes. The property is zoned W-2 and is located within an Opportunity Zone, offering potential tax advantages. The current lease, a NNN single-tenancy agreement, has a remaining term of approximately 1.6 years, expiring June 30, 2026, with an annual rent increase to $1,000 effective July 1, 2024. The APN is 755-190-013. This is a rare opportunity to acquire a well-maintained, income-producing cold storage facility in a prime location.

    Property Features for 77110 Harrison St

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    64,950 SF
    Lot Size
    1,742,400 SF

    Building Details

    Year Built/Renovated
    1989/2014
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 64,950 SF cold storage & packing facility on 40 acres in Thermal, CA.
    • 25,350 SF climate‑controlled space plus 38,400 SF attached shade structure.
    • 1,200 SF of office space.
    • 4 dock‑high doors, 17‑22' ceiling height, 1,000 amp power.
    • NNN lease with 1.6 years remaining (expiring 6/30/2026), annual rent increase to $1,000 effective 7/1/2024.
    • Located in Opportunity Zone with additional income from cell tower & agricultural lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oasis Vegetable Exchange Farm

    Suggested Use

    Realty agency Food Market Grocery Store Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thermal
    County
    Riverside
    State
    California
    Longitude
    -116.1114769
    Latitude
    33.490755

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 64,950 SF Cold Storage, $3.5M
    Where is this refrigerated / cold storage located?
    The property is located at 77110 Harrison St Thermal, CA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 64,950 SF cold storage & packing facility on 40 acres in Thermal, CA.; 25,350 SF climate-controlled space plus 38,400 SF attached shade structure.; 1,200 SF of office space.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    77110 Harrison St Thermal, CA 92274
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