Current Use by Public Records
- Warehouses
Property Details for 201 Loranne Ave
- Property type
- Warehouses
- Property subtype
- Refrigerated & Cold Storage
Description
This exceptional investment opportunity presents two single-story, Class B industrial buildings totaling 18,950 square feet, situated on a combined 39,993 square foot lot in Pomona, CA. The property boasts a 100% occupancy rate with a corporate-guaranteed, single tenant NNN lease in place. The lease commenced January 1, 2023, and has a remaining term of 5.1 years, expiring December 31, 2029, with two lease options available. The current annual net operating income (NOI) is $341,833, yielding a 6.70% cap rate. The property features four dock-high loading doors, four loading docks, and a 27-foot ceiling height. Conveniently located near the 10, 71, and 60 freeways, this property offers a strategic location with easy access to major transportation routes. The buildings are zoned M1 and include a private fenced yard. The sale price is $2,447,500 per unit, with a 3% annual rent bump built into the lease. The property consists of two buildings located at 201 and 204 N Loranne Ave, Pomona, CA 91767, with APN numbers 8326-018-029, 8326-021-032, and 8326-021-009. This is a rare opportunity to acquire a stable, high-performing cold storage facility with significant upside potential. The property is ideally suited for a long-term, passive income investment strategy.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pomona
- County
- Los Angeles
- State
- California
- Longitude
- -117.731
- Latitude
- 34.0603
